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00:02Estee Lauder raised its full-year adjusted earnings forecast to $2.35 to $2.45 per share
00:09from $2.05 to $2.25 and said organic net sales growth will reach the high end of its 1
00:16%
00:16to 3% range, according to Reuters. Quarterly adjusted profit came in at 88 cents per share
00:23on $3.71 billion in sales, beating estimates of $0.65 per share and $3.69 billion.
00:32The company plans to cut up to 3,000 additional jobs, bringing total reductions to 9,000 to
00:3810,000 roles with more than 70% from department store positions.
00:42The company reported about 57,000 employees worldwide as of June 30, 2025.
00:48It aims to save up to $1.2 billion as it shifts toward digital and specialty retail.
00:54Shares rose about 11% in pre-market trading on Friday.
00:58For all things money, visit Benzinga.com.
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