Beauty conglomerate Estee Lauder raised its outlook for organic net sales growth to between 4% and 5.5%, up from a prior forecast of 3% to 5%. The owner of brands such as MAC, Smashbox and Jo Malone reported net sales of $3.72 billion in its fiscal first quarter, up 6.7% from a year earlier and ahead of Wall Street models. Read more on what's driving results here.
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