Estee Lauder Raises Annual Sales Forecast After Beat
The company expects organic sales growth of 3% as its Beauty Reimagined plan gains traction. Quarterly revenue reached $3.71 billion amid luxury market recovery.
ESTEE LAUDER COMPANIES-CL A shares rose 12% Friday morning after the company forecast 3% annual organic sales growth following a quarterly revenue beat. CEO Stephane de La Faveries "Beauty Reimagined" plan is reviving demand in luxury markets including China and Europe. The results signal a successful pivot toward premium innovation and supply chain efficiency for the cosmetics giant.
### Revenue Outperforms as Turnaround Gains Traction Estee Lauder reported quarterly sales of $3.71 billion, exceeding LSEG estimates of $3.69 billion. The company raised its organic net sales growth outlook to 3%, reaching the high end of its previous range.
