Estée Lauder CFO Predicts Mainland China Sales To Be Flat To Down High Single Digits In Fiscal 2025
Portfolio Pulse from Benzinga Newsdesk
Estée Lauder's CFO has forecasted that sales in Mainland China will be flat to down by high single digits for fiscal year 2025. This prediction was made during a conference call.
August 19, 2024 | 2:23 pm
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Estée Lauder's CFO has projected that sales in Mainland China will be flat to down by high single digits in fiscal 2025, indicating potential challenges in one of its key markets.
The forecast of flat to declining sales in Mainland China, a significant market for Estée Lauder, suggests potential revenue challenges. This could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Estée Lauder's forecast of declining sales in Mainland China could reflect broader economic challenges in the region, potentially impacting the iShares China Large-Cap ETF.
Estée Lauder's sales forecast may indicate broader economic challenges in China, which could affect the performance of the iShares China Large-Cap ETF, as it is exposed to the Chinese market.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30