Estée Lauder may have raised its full-year profit outlook on Thursday, but investors weren’t buying it, sending the cosmetics giant’s stock toward a record selloff as the company contends with tariffs and bigger investments in its turnaround plans, as well as high investor expectations.
Estée Lauder’s stock heads for worst day ever, as investors were betting on much higher profits
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Estée Lauder may have raised its full-year profit outlook on Thursday, but investors weren’t buying it, sending the cosmetics giant’s stock toward a record selloff as the company contends with tariffs and bigger investments in its turnaround plans, as well as high investor expectations.
In the company’s
EL earnings release, CEO Stéphane de La Faverie said he was upbeat on the turnaround efforts so far, which have involved slashing costs, conducting layoffs and taking steps to become more nimble. He called it “the biggest operational, leadership, and cultural transformation in our history.”
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