Estée Lauder shares are trading lower after the company withdrew its FY25 guidance, citing uncertainties in the timing of market stabilization in mainland China and Asia travel retail, as well as recent leadership changes.
Portfolio Pulse from Benzinga Newsdesk
Estée Lauder shares declined after the company withdrew its FY25 guidance due to uncertainties in market stabilization in China and Asia travel retail, along with recent leadership changes.
October 31, 2024 | 10:36 am
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Estée Lauder's stock is negatively impacted as the company withdraws its FY25 guidance, highlighting uncertainties in China and Asia travel retail markets, and recent leadership changes.
The withdrawal of FY25 guidance indicates potential challenges in revenue growth and market stability, particularly in key regions like China and Asia travel retail. Leadership changes add to the uncertainty, leading to a negative short-term impact on the stock price.
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