Estée Lauder Sees Q2 Net Sales Down 9-11%, Sees Adj. EPS Down 60-66% On A Constant currency Basis
Portfolio Pulse from Benzinga Newsdesk
Estée Lauder has projected a decrease in its Q2 net sales by 9-11% and a drop in its adjusted EPS by 60-66% on a constant currency basis.
November 01, 2023 | 10:48 am
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Estée Lauder's Q2 net sales and adjusted EPS are expected to decrease, which could negatively impact its stock price.
Estée Lauder's projected decrease in Q2 net sales and adjusted EPS indicates a potential decline in its financial performance. This could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100