Estee Lauder announced job cuts and posts sales beat-February 2024-www.financetom.com

Estee Lauder announced job cuts and posts sales beat

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Estee Lauder announced job cuts and posts sales beat

Feb 4, 2025 3:42 AM

Feb 4 (Reuters) - Estee Lauder ( EL ) on Tuesday

expanded its restructuring plan that would include up to 7,000

job cuts and posted smaller-than-expected drop in second-quarter

sales.

The company's sales fell 6% to $4 billion in the quarter,

compared with analysts' estimates of 7.3% drop to $3.97 billion,

as per data compiled by LSEG.

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