- Total News Sources
- 2
- Left
- 1
- Center
- 0
- Right
- 1
- Unrated
- 0
- Last Updated
- 29 days ago
- Bias Distribution
- 50% Left
Estee Lauder has forecasted annual profit and sales below estimates due to weak demand, particularly in China, and announced the retirement of CEO Fabrizio Freda. Despite surpassing earnings expectations with a quarterly EPS of $0.64, the company's shares have lost about 35.1% this year. The company reported a 2% year-over-year sales decline to $15.91 billion for the fiscal year, citing 'persistent' weak sentiment among Chinese consumers. Analysts have downgraded the stock, with concerns over softening U.S. demand and China’s decelerating market impacting future profits. Estee Lauder's profit recovery plan aims to recover $1.1 billion to $1.4 billion by FY26, but skepticism remains regarding its timing and revenue dependency. The company is exploring internal and external candidates for Freda’s successor as it navigates these challenges.
- Total News Sources
- 2
- Left
- 1
- Center
- 0
- Right
- 1
- Unrated
- 0
- Last Updated
- 29 days ago
- Bias Distribution
- 50% Left
Open Story
Timeline
Analyze and predict the
development of events
Related Topics
Stay in the Know, Subscribe to Our News
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.