According to reports, Estee Lauder expects a larger double-digit sales drop in its global travel retail business in Q4 due to shifts in duty-free models in Korea and China, along with weak Chinese consumer demand. It also anticipates a full-year earnings decline, with 2025 EPS projected at USD 1.39, down from USD 2.59 in 2024. Estee Lauder saw a 42% drop in third-quarter profit to USD 306 million compared to USD 531 million in the previous year. Besides, the skincare giant also saw a 10% drop in revenue to USD 3.55 billion