The Estée Lauder Cos.’ Sales Rise 6 Percent to $4.2 Billion in Q2, but Stock Closed Down Almost 20%

On a geographical basis, mainland China saw the second consecutive quarter of double-digit retail sales growth of 13 percent, while the Americas was up 1 percent.When asked in a call with reporters if investors and analysts have overestimated the pace and magnitude of the turnaround, chief executive officer Stéphane de La Faverie said: “We’ve created a lot of momentum. We’ve revealed some confidence internally, and externally with investors. We are really focusing on the long term. This is the biggest trans ...