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Skin care net sales increased 9%, driven by growth in every geographic region, according to the beauty brand.
May 1, 2024
By: Christine Esposito
Editor-in-Chief
The Estée Lauder Companies Inc. (ELC) reported net sales of $3.94 billion for its third quarter ended March 31, 2024, an increase of 5% from $3.75 billion in the prior-year period. Organic net sales increased 6% primarily due to double-digit growth in Europe, the Middle East & Africa (EMEA), driven by stronger sales in Asia travel retail, the beauty brand said. The growth in Asia travel retail was driven by higher shipments reflecting significant sequential improvement in retail sales tr...
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