Estée Lauder’s first quarter results met Wall Street’s revenue expectations and were received positively by the market, as management attributed performance to double-digit growth in fragrance, strong online sales, and gains in key markets such as Mainland China and emerging economies. CEO Stephane de la Faverie highlighted that “three of four regions grew organically,” with notable share gains in China, the U.S., and across the company’s fragrance portfolio. A strategic focus on channel optimiz