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April 23, 2024
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Commerce

Latest Estée Lauder earnings show sales down 17pc, fragrance excels

February 2, 2023

Despite an overall drop in net sales, the makeup category showed double digit net growth in many countries. Image credit: Estée Lauder Cos. Despite an overall drop in net sales, some makeup brands in the conglomerate's portfolio showed double-digit growth. Image credit: Estée Lauder Companies

 

By Luxury Daily News Service

U.S. beauty giant Estée Lauder Companies is reporting $4.62 billion in net sales for the quarter ending on Dec. 31, 2022, down from $5.54 billion in the same period during 2021.

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