NEW YORK — The Estée Lauder Cos. pleased investors by beating first-quarter expectations despite a drop in earnings.
Net profits attributable to the firm’s common stock receded 4.4 percent to $67.5 million, or 28 cents a diluted share, for the quarter ended Sept. 30. This compared with year-ago earnings of $70.6 million, or 30 cents.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)