Estee Lauder forecasts dour 2023 due to China COVID-19 lockdowns - CNA

8/18/2022 12:00:00 AM2 years 8 months ago

Estee Lauder on Thursday (Aug 18) forecast full-year sales and adjusted profit below estimates, due to a hit from COVID-19-related lockdowns in major market China. The country, which recently eased its zero-COVID policy, has seen a spike in cases, and subsequ…

Estee Lauder on Thursday (Aug 18) forecast full-year sales and adjusted profit below estimates, due to a hit from COVID-19-related lockdowns in major market China. The country, which recently eased … [+770 chars]

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