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M.A.C brand owner Estee Lauder sees Q3 net sales growth of up to 14%

· 02/05/2021 06:48
M.A.C brand owner Estee Lauder sees Q3 net sales growth of up to 14%

- M.A.C brand owner Estee Lauder Cos Inc EL.N forecast its third-quarter net sales to grow between 13% and 14%, as it benefits from strong demand for its premium skin-care products in China.

Analysts on average estimate net sales to rise about 15.3% to $3.86 billion in the third quarter, according to IBES data from Refinitiv.


(Reporting by Aditi Sebastian and Praveen Paramasivam in Bengaluru; Editing by Vinay Dwivedi)

((aditi.sebastian@thomsonreuters.com;; within U.S. +1 646 223 8780, outside U.S. +91 806 182 2780;))