Estee Lauder beats quarterly sales estimates

Core Insights - Estee Lauder exceeded Wall Street expectations for first-quarter sales, indicating that CEO Stephane de La Faverie's turnaround strategy is starting to take effect, resulting in a share price increase of approximately 6% [1] Financial Performance - The company reported first-quarter sales that surpassed analyst forecasts, suggesting a positive trend in revenue generation [1] Leadership Impact - CEO Stephane de La Faverie's efforts to revitalize the company are showing early signs of success, as reflected in the improved sales figures [1]