Estee Lauder Co's Exec Says In May And June, Retail Sales Trends Deteriorated And Turned Steeply Negative
Portfolio Pulse from Happy Mohamed
Estee Lauder Co's executive has reported that the company's retail sales trends have deteriorated and turned steeply negative in May and June, according to Reuters.
August 18, 2023 | 1:57 pm
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Estee Lauder's retail sales trends have turned steeply negative in May and June, which could negatively impact the company's stock price in the short term.
Estee Lauder's retail sales trends have turned steeply negative in May and June. This negative trend could lead to lower revenues and profits for the company, which could in turn negatively impact the company's stock price in the short term.
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