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Lauder Q1: Firm Discusses China Tariff Uncertainties, Imminent Clinique Customization Launch

 
• By Lauren Nardella

The firm is confident that prestige beauty demand in China will remain a constant, translating to double-digit growth over the long term, but it’s taking a prudent approach to guidance in light of possible tariff impacts, among other unknowns. Lauder’s first-quarter sales totaled $3.52bn, up 11% in organic terms.

Businesswoman Hands On Crystal Ball On Black Background. Fortune Teller Predicting Future

[Estee Lauder Companies Inc.] anticipates organic sales gains of 7% to 8% for the 2019 fiscal year, but the firm is tempering its guidance to account for possible growth “moderation” in China and travel retail due to tariff impacts and other volatile factors.

During an Oct

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