(Reuters) – Estée Lauder declared on Wednesday providing an annual benefit below the estimates of Wall Street, while the American giant of beauty products is confronted with the persistent weakness of the American and Chinese markets and the uncertainty of customs duties.
The company, owner of the Mac cosmetics brand, expects the profitability of the 2026 financial year to be affected by the opposite winds linked to customs duties up to around 100 million dollars (85.83 million euros).
The group provides for a profit adjusted by share for the whole year between 1.90 and $ 2.10, while analysts count on $ 2.21 per share according to data compiled by LSEG.
Estée Lauder’s organic net turnover for the fourth quarter dropped by 13%, compared to an increase of 8% a year ago, including low results in skin and makeup segments.
On the New York Stock Exchange, the title lost approximately 12% before the bell.
(Written by Anuja Bharat Mistry and Anshi Sancheti in Bangalore; Coralie Lamarque; edited by Augustin Turpin)
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