The Estee Lauder Companies reported higher profit and sales in its fiscal first quarter, as the company’s turnaround continues to bear fruit. The beauty giant saw strong demand across its portfolio, driven by premium skincare and makeup categories. Executives credited strategic brand investments and digital expansion for the growth.
Shares rose in premarket trading following the results. The company maintained its full-year outlook, signaling confidence in sustained momentum.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing