Seeking Alpha

Solid growth at Estee Lauder in FQ2

  • Estee Lauder (EL) saw revenue gains in the Americas and Europe/Middle East/Africa help to offset a 6% dip in Asia during FQ2. Overall, the growth in the quarter looked stronger than what peers reported.
  • Revenue in all product segments rose except for Skin Care which fell back 1%.
  • The company reaffirms annual guidance at $2.80-$2.87, but guides its estimates for FQ3 to below consensus.
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