Estee Lauder Companies’ Freda To Exit In 2025 With Dreary Forecast For Fiscal New Year

The beauty giant expects organic sales growth for fiscal 2025 to range between -1% and 2%, falling well short of analyst consensus of 7.2%, reflecting the firm’s overexposure in China and Asia travel retail. A new CEO is incoming with Fabrizio Freda set to step down in June 2025.

China sales down

The Estee Lauder Companies, Inc. sobered investors with its fiscal 2025 forecast on 19 August, driven by continuing declines in China and Asia travel retail, and announced long-time CEO Fabrizio Freda will step down from the company in June 2025.

The firm is targeting organic sales growth for the fiscal year ending 30 June 2025 of -1% to 2%, much...

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