
In the
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In the period from October to December the net loss of Estee Lauder was $590 million, or $1.64 in per share as opposed to net profit of $313 million ($0.87 in per share) year earlier. Adjusted profit was down to According to information from the company’s report, sales of skincare in the last quarter decreased by 12% (to $1.921 billion), decorative cosmetics – by 1% (to $1.15 billion), care for hair – by 8% (to $159 million). Sales of perfumes increased by 1% and reached $744 million. In addition, the management of Estee Lauder announced the plans to conduct restructuring “to restore sustainable growth in sales and achieve stable stable double-digit adjusted operating margin in the next few years”. This plan includes reducing from Annualвыручка Estee Lauder упала на 2%