The estÉe lauder companies reports fiscal 2024 first quarter results

New york--(business wire)--the estÉe lauder companies inc. (nyse: el) today reported net sales of $3.52 billion for its first quarter ended september 30, 2023, a decline of 10% from $3.93 billion in the prior year. organic net sales declined 11%, primarily driven by expected pressures in the company's asia travel retail business, as well as incremental headwinds from a slower-than-expected recovery of overall prestige beauty in mainland china. these challenges were partially offset by organic n.
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