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Estée Lauder pursues turnaround strategy focused on profitability

The Motley Fool +1 ·

  1. 1Estée Lauder's market capitalization reached a peak of $134 billion in early 2022 and is currently at approximately $39 billion.
  2. 2CEO Fabrizio Del Vecchio stated that no transformative deals that disrupt the plan will be considered.
  3. 3The company aims to restore operating margins to solid double digits.

So what's the key point?

Estée Lauder's market capitalization has moved from $134 billion to its current level of approximately $39 billion. The company aims to bring its operating margins back to double digits.

Source The Motley Fool +1 · View original ↗

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