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Actionable news in EL: THE ESTEE LAUDER COMPANIES Inc CLASS A,

Estee Lauder Forecast Lags Estimates on Currency, Tourism

  • Company says economic challenges are hurting consumers abroad
  • Cosmetics maker is in midst of multiyear restructuring project

Estee Lauder Cos. provided a full-year profit forecast that trailed analysts’ estimates, citing economic turbulence and a stronger dollar that are hurting its sales overseas.

Profit will be $3.38 to $3.44 a share, excluding some items, in the year through June, the New York-based company said Friday in a statement. Analysts projected $3.53, on average.

“Social and political issues, currency volatility and economic challenges are affecting consumer behavior in certain countries, such as Hong Kong, France and some emerging markets,” the company said in the statement. It’s also cautious about a...


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