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Net sales declined 7% from $4.62 billion to $4.28 billion; organic net sales fell 8%.
February 5, 2024
By: Lianna Albrizio
Associate Editor
The Estée Lauder Companies Inc. reported net sales of $4.28 billion for its second quarter ended December 31, 2023, a decline of 7% from $4.62 billion in the prior-year period. Organic net sales fell 8%, reflecting the expected challenges in Asia travel retail as well as ongoing softness in overall prestige beauty in mainland China, the company said. The decrease also reflects a 1% headwind due to business disruptions in Israel and other parts of the Middle East. Partially ...
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