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Esté Lauder Stock: Falling On Weak Demand
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Estée Lauder's stock experiences a 19% fall following disappointing Q124 results and a significant cut in fiscal 2024 guidance. Beauty giant Estée Lauder's shares crash 19% to a 6-year low due to weak demand in Asia, particularly in China. Both Estée Lauder and Canada Goose cut their annual forecasts as China's luxury goods market remains sluggish. Estée Lauder stock is undervalued at its current price but faces risks from a potential recession and weaker consumer demand.
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How might Esté Lauder's downbeat guidance impact its market position and future growth prospects?
How might the weak demand in China's luxury goods market affect the broader beauty industry and other companies operating in the same sector?
What strategies can Esté Lauder employ to mitigate the risks associated with a potential recession and weaker consumer demand?
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