Fabrizio Freda

Estée Lauder U.S. business stands firm but Q2 earnings drop

Estée Lauder U.S. business stands firm but Q2 earnings drop

By Andrew MCDOUGALL

Estée Lauder reported a 3% decline in earnings for its second quarter as higher sales, among which were in the U.S. and Americas, were more than offset by an increase in operating expenses as well as softer-than-expected demand in some markets.