The estÉe lauder companies reports fiscal 2024 results

New york--(business wire)--the estÉe lauder companies inc. (nyse: el) today reported net sales of $15.61 billion for its fiscal year ended june 30, 2024, a decrease of 2% from $15.91 billion in the prior year. organic net sales decreased 2%, primarily reflecting ongoing softness in overall prestige beauty in mainland china and a decline in asia travel retail driven by the decrease in the first half of fiscal 2024, reflecting actions taken by the company and its retailers to reset inventory leve.
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