Esté Lauder Stock: Falling On Weak Demand

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.