NEW YORK — Digesting its first year of sagging earnings in more than a decade, Estée Lauder Cos. is looking forward to moderate growth this year, though not "a major upsurge any time soon.

That’s the word from Fred Langhammer, president and chief executive officer, who told WWD he expects "a better Christmas than we had last year." In the quarters ahead, he noted, "We need to be prudent. Growth isn’t going to be easy to come by."

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