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via finance.yahoo.comBusiness & Companies

Estée Lauder: fragrance sales up 20% in fiscal first quarter

FROM THE WIRE · FINANCE.YAHOO.COM

Tom Ford owner Estée Lauder (EL) has seen a boom in fragrance sales. Fragrance net sales increased 20% in the company's fiscal first quarter, Estée Lauder reported on Monday. It was one of the fastest-growing divisions for the company in the quarter. Gains were fueled by…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong fragrance growth can support expectations for the group's results.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Fragrance net sales rose 20% in the fiscal first quarter.
  2. 02Growth was driven by Le Labo, Tom Ford, Jo Malone London and Kilian Paris.
  3. 03CEO Stéphane de La Faverie says consumers are getting younger.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
The Estée Lauder Companies Inc.ELStock107.94 USD-1.18%today -1.18%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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