Estee Lauder Cuts Annual Forecasts as China Curbs Drag Demand
Estee Lauder Cos Inc cut its full-year sales and profit forecasts on Wednesday, signaling a hit to sales from persistent COVID-19-related lockdowns and store closures in major market China. The New York-based company's shares were down about 5% in premarket trade. Sales growth of many US companies like Estee has…
Asharq Al-Awsat ·