By Natasha Khan
Estée Lauder shares fell, after the company reported a 12% drop in sales and a doubling of its operating loss in the latest quarter.
The maker of Clinique and M.A.C. cosmetics said subdued consumer confidence in North America had led some retailers to tighten their inventory. The company said its struggling global travel retail business also contributed to the decline.
Estée Lauder said it expects profit for the current fiscal year, which began at the start of July, to take a hit of about $100 million from tariffs.
Shares fell more than 7% in premarket trading.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
August 20, 2025 08:37 ET (12:37 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.