The company expects organic net sales to return to growth in the fourth quarter, reflecting continued momentum of post-COVID recovery growth in nearly all markets globally. The impacts from the ongoing pressures in Asia travel retail, driven primarily by risks associated with the volatile and slower than originally anticipated pace of recovery, are expected to partially offset the growth in other markets.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on EL:
- Estee Lauder Craters on Weakened Guidance
- Estee Lauder price target lowered to $290 from $300 at Oppenheimer
- Zegna completes acquisition of TFI, enters license agreement with Estee Lauder
- Estee Lauder completes acquisition of the Tom Ford brand
- Estee Lauder price target raised to $305 from $300 at Piper Sandler