(Reuters) – Estee Lauder Cos Inc cut its full-year sales forecast on Tuesday, as a fresh round of coronavirus restrictions in China dampens demand for the cosmetics maker’s luxury products.
The company expects net sales for the full year to rise between 7% and 9%, down from its prior forecast of an increase in the range of 13% to 16%.
(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shinjini Ganguli)
