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.
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(END) Dow Jones Newswires
August 20, 2025 08:37 ET (12:37 GMT)
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