Estée Lauder Increased Sales
The Group Remains Confident Despite the Start of a Difficult Period
The Estée Lauder Companies has achieved net sales of 17.74 billion US-dollars in 2022. This is said to be an increase of 9 per cent compared to the previous year. According to the company, the financial data reflect a recovery in brick-and-mortar retail stores, as well as double-digit growth in global online retail. With the new fiscal year, the company expects a volatile period of record inflation, supply chain disruptions, strengthening U.S. dollar, risk of a slowdown in many markets globally. Nevertheless, the group says it remains confident about the prospects and future growth in global prestige beauty and reportedly plans to invest in its business during this difficult environment to support long-term growth. Further information ...