Estée Lauder Stock Falls as Quarterly Losses and Outlook Miss Expectations
1. Estée Lauder reported a larger-than-expected quarterly loss of $1.51 per share. 2. Net sales declined 12% year-over-year to $3.42 billion. 3. Company projected only 0%-3% net sales growth for fiscal 2026. 4. Chinese consumer demand remains weak, impacting overall performance. 5. Shares fell 6% in premarket trading despite a 19% gain this year.