The Estee Lauder Companies, Inc. sobered investors with its fiscal 2025 forecast on 19 August, driven by continuing declines in China and Asia travel retail, and announced long-time CEO Fabrizio Freda will step down from the company in June 2025.
Estee Lauder Companies’ Freda To Exit In 2025 With Dreary Forecast For Fiscal New Year
The beauty giant expects organic sales growth for fiscal 2025 to range between -1% and 2%, falling well short of analyst consensus of 7.2%, reflecting the firm’s overexposure in China and Asia travel retail. A new CEO is incoming with Fabrizio Freda set to step down in June 2025.
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