Estée Lauder anticipates $100 million profit reduction from tariffs

cnbc.com

Estée Lauder anticipates a $100 million reduction in full-year profitability due to tariff impacts. The beauty company's stock dropped over 20% following the announcement. This comes as Estée Lauder implements its "Beauty Reimagined" turnaround plan, which includes significant workforce reductions. The company is actively pursuing mitigation strategies, including trade programs and supply chain adjustments, to offset these costs, with most impacts expected in the second half of the year.


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Estée Lauder anticipates $100 million profit reduction from tariffs | News Minimalist