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The year 2023 is not exactly positive for Est\u00e9e Lauder<\/strong>. The group anticipates a downward projection of its sales for the current fiscal year<\/strong>, caused in particular by a recovery of activity that is slow to appear in Asian countries.<\/p>\n <\/p>\n Following lowered forecasts for its 2023 fiscal year, the US fragrance and cosmetics group saw its shares hit a six-month low of $190.30 during trading hours, closing down 17% at $202.70.<\/p>\n <\/p>\n <\/p>\n Est\u00e9e Lauder is lamenting a slower-than-expected recovery of retail sales in Asia in its travel products segment. This situation remains even more marked in the Chinese market.<\/p>\n <\/p>\n At the same time, its European rivals, LVMH<\/a> and L’Or\u00e9al<\/a>, have seen their sales increase in the first quarter, stimulated by a rebound in demand on the Chinese market.<\/p>\n <\/p>\n Those forecasts were “the last thing<\/em>” Wall Street expected, says Barclays analyst Lauren Lieberman.<\/p>\n <\/p>\n On the Atlantic side, the U.S. group is also suffering from sales in its domestic market. After organic sales boosted by double-digit growth in the United States, they soon began to fall in the first quarter of 2023.<\/p>\n <\/p>\n A Bernstein analyst said that Est\u00e9e Lauder brands are moving toward older customers, even as Millennials and Z generations are increasingly increasing their share of spending on cosmetics. Another important factor to consider is that the group is facing the growth of smaller competitors<\/strong> in the beauty space.<\/p>\n <\/p>\n <\/p>\n Est\u00e9e Lauder expects its net sales for the year 2023 to decline by 10-12%, while the US group previously forecast a decline of 5-7%.<\/p>\n <\/p>\n The world’s No. 2 beauty and cosmetics company – behind L’Or\u00e9al – also expects its adjusted earnings per share to fall by 50 to 51%, compared with its previous expectation of a 27 to 29% decline.<\/p>\n <\/p>\n Since the pandemic, the Est\u00e9e Lauder group has been facing great difficulties. It had seen the value of its bonds melt to 86% of the nominal<\/a> last February. The group puts a lot of hope in the development of the brand Tom Ford Beauty – acquired last November<\/a> – to recover.<\/p>\n <\/p>\n Read also >Est\u00e9e Lauder\u2019s bond at its lowest since the beginning of 2023<\/a><\/p>\n <\/p>\n Featured photo : \u00a9Press[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n The year 2023 is not exactly positive for Est\u00e9e Lauder<\/strong>. The group anticipates a downward projection of its sales for the current fiscal year<\/strong>, caused in particular by a recovery of activity that is slow to appear in Asian countries.<\/p>\n <\/p>\n Following lowered forecasts for its 2023 fiscal year, the US fragrance and cosmetics group saw its shares hit a six-month low of $190.30 during trading hours, closing down 17% at $202.70.<\/p>\n <\/p>\n <\/p>\n Est\u00e9e Lauder is lamenting a slower-than-expected recovery of retail sales in Asia in its travel products segment. This situation remains even more marked in the Chinese market.<\/p>\n <\/p>\n At the same time, its European rivals, LVMH<\/a> and L’Or\u00e9al<\/a>, have seen their sales increase in the first quarter, stimulated by a rebound in demand on the Chinese market.<\/p>\n <\/p>\n Those forecasts were “the last thing<\/em>” Wall Street expected, says Barclays analyst Lauren Lieberman.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\n Already have an account ? Please log in<\/b><\/a>.<\/strong><\/p>\n [\/vc_cta][vc_column_text]Featured photo : \u00a9 Press[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]<\/p>\n <\/p>\n The year 2023 is not exactly positive for Est\u00e9e Lauder<\/strong>. The group anticipates a downward projection of its sales for the current fiscal year<\/strong>, caused in particular by a recovery of activity that is slow to appear in Asian countries.<\/p>\n <\/p>\n Following lowered forecasts for its 2023 fiscal year, the US fragrance and cosmetics group saw its shares hit a six-month low of $190.30 during trading hours, closing down 17% at $202.70.<\/p>\n <\/p>\n <\/p>\n Est\u00e9e Lauder is lamenting a slower-than-expected recovery of retail sales in Asia in its travel products segment. This situation remains even more marked in the Chinese market.<\/p>\n <\/p>\n At the same time, its European rivals, LVMH<\/a> and L’Or\u00e9al<\/a>, have seen their sales increase in the first quarter, stimulated by a rebound in demand on the Chinese market.<\/p>\n <\/p>\n Those forecasts were “the last thing<\/em>” Wall Street expected, says Barclays analyst Lauren Lieberman.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\nA difficult recovery<\/h2>\n
Forecasts in the red<\/h2>\n
<\/h4>\n
Est\u00e9e Lauder’s stock plummeted yesterday. This follows the revelation of downgraded forecasts from the group for the year 2023. A situation that impacts both the American beauty giant on its turnover and its projected profits.<\/h4>\n
A difficult recovery<\/h2>\n
Est\u00e9e Lauder’s stock plummeted yesterday. This follows the revelation of downgraded forecasts from the group for the year 2023. A situation that impacts both the American beauty giant on its turnover and its projected profits.<\/h4>\n
A difficult recovery<\/h2>\n