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Strong demand for makeup drives Estee Lauder's glossy sales forecast

Strong demand for makeup drives Estee Lauder's glossy sales forecast
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Tracey Travis , Sherry Jacob Phillips , Fabrizio Freda , Praveen Paramasivam , Aditi Sebastian , Executive Officer Fabrizio Freda , Financial Officer Tracey Travis , Ulta Beauty , ட்ரேசி டிராவிஸ் , ஷெர்ரி ஜாகோப் பிலிப்ஸ் , ஃபேப்ரிஜியோ ஃப்ரெடா , ப்ரவீன் பரமசிவம் , நிர்வாகி அதிகாரி ஃபேப்ரிஜியோ ஃப்ரெடா , நிதி அதிகாரி ட்ரேசி டிராவிஸ் , அல்டா அழகு ,

Estee Lauder sales hit by lackluster demand for makeup

Estee Lauder sales hit by lackluster demand for makeup
03 May 2021 - 19:50 By Aditi Sebastian and Praveen Paramasivam
Sales at Estee Lauder s skin care segment jumped 31%, while sales at its makeup segment fell 11%.
Image: 123rf
Estee Lauder Cos Inc missed analysts estimates for quarterly sales on Monday, as weak demand for its luxury foundations and lipsticks offset growth at the cosmetics maker s skincare brands, with people continuing to work from home.
The company s shares, which touched a record high last week, fell nearly 7%.
Sales of cosmetics and makeup products have taken a hit during the Covid-19 pandemic as shoppers stay at home, pressuring Estee Lauder s M.A.C and Bobbi Brown brands. ....

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