The estÉe lauder companies reports fiscal 2025 first quarter results

New york--(business wire)--the estÉe lauder companies inc. (nyse: el) today reported net sales of $3.36 billion for its first quarter ended september 30, 2024, a decrease of 4% from $3.52 billion in the prior year. organic net sales decreased 5% primarily due to worsened consumer sentiment in china that drove further softening in overall prestige beauty in mainland china and low conversion rates in asia travel retail and hong kong sar. in addition, lower replenishment orders in asia travel reta.
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