US-China trade tensions, protests in Hong Kong and the prospect of a no-deal Brexit are among risk factors with potential bearing on the [Estee Lauder Companies Inc.]’s fiscal 2020 performance, but leadership still is targeting 7% to 8% growth in reported sales for the year.
Lauder Forecasts 7%-8% Sales Growth In FY 2020 Despite Cooling In Key Markets
Amid global recession fears, Lauder anticipates continued double-digit growth in fiscal 2020 in China and travel retail, albeit at slower rates than seen in recent years. The firm booked 9% reported sales growth to roughly $14.9bn for the fiscal 2019 full year, fueled by a record-setting innovation program.
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