Estee Lauder is still being battered by lockdowns, as lacklustre demand for cosmetics stifled the make-up business’s sales.
Demand for make-up was weak, it explained, as consumers have been stuck at home during Covid lockdowns – and when they have left the house, face masks have eliminated the point of wearing lipstick or lip gloss.
One bright spot for the company – which also owns the La Mer, Jo Malone London, Clinique, and Tom Ford Beauty brands – was China, which has recovered more quickly from the pandemic.
Estee Lauder which counts Bond girl Ana de Armas (pictured) as the face of its flagship brand, said demand for make-up was weak as consumers have been stuck at home during lockdowns
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“Keep your eyes peeled for more stocks that could get crushed in the wake of great quarters, and then do some buying,” “Mad Money” host Jim Cramer said.
“Keep your eyes peeled for more stocks that could get crushed in the wake of great quarters, and then do some buying,” “Mad Money” host Jim Cramer said.
“Keep your eyes peeled for more stocks that could get crushed in the wake of great quarters, and then do some buying,” “Mad Money” host Jim Cramer said.