Market PerformanceStrength in travel retail, China, and the Fragrance category contributed significantly to Estee Lauder's performance.
Sales GrowthEstee Lauder reported organic sales growth of +3%, well ahead of expectations, led by growth in Mainland China and APAC.
Strategic InitiativesEstee Lauder's 'Beauty Reimagined' plan is focused on rebuilding revenues through innovation, higher exposure to faster growth distribution channels, and increased consumer-focused spend supported by a $800m-1.0bn cost-saving/reinvestment program.