During the third quarter of fiscal 2022, the Skin Care category's sales were up 6% year over year (up 7% at constant currency or cc) to $2,395 million. In May 2021, The Estee Lauder Companies took a step to expand its Skin Care business when it concluded the first phase of raising its ownership stake in DECIEM Beauty Group Inc. (DECIEM). Consequently, The Estee Lauder Companies now has nearly 76% ownership in DECIEM compared with 29% earlier. The addition of DECIEM complimented the company's reported sales growth in the fiscal third quarter. EL's stock has lost 2.3% in the past three months, outperforming the industry's 5.9% decline.