Estée Lauder Companies has decided to withdraw its financial guidance for 2025 due to uncertainties related to a new CEO and disappointing demand for its products in China.
This year has been challenging for the New York-based beauty giant, with its shares dropping 40% compared to a 22% increase in the S&P 500. These struggles highlight the market's volatility and the impact of leadership changes on investor confidence.
The company's stock has experienced a significant decline, falling 13% in premarket trading.