- Luxury Daily - https://www.luxurydaily.com -

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

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

 

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.