The Estee Lauder Companies, Inc. is lowering its fiscal year 2023 sales projections due to the impacts of COVID-19 restrictions in China travel retail, the tightening of inventory by some US retailers and the “far stronger” US dollar relative to other currencies, said President and CEO Fabrizio Freda in a 2 November earnings presentation.
The New York-based cosmetics giant recorded net sales of $3
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