Estée Lauder reports a decrease in first quarter net sales to $3.36 billion, reflecting a 4 percent drop overall. The company’s organic net sales also fell, dropping by 5 percent. The decline can be attributed to various headwinds in China and the greater Asia travel retail market.
This financial impact highlights the ongoing challenges faced by luxury beauty brands amid evolving consumer behaviors and economic conditions in Asia. Estée Lauder’s leadership acknowledges the struggle but remains focused on recovery strategies for future growth.
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