Wealthy Chinese keep on spending while others cut back, survey finds [MSNBC.com]
Estee Lauder Companies, Inc. (The) (EL)
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am
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Source: MSNBC.com
Pictured here is a science-fiction themed installation at the Maison Hermes in Shanghai, China, on Nov. 28, 2022.Future Publishing | Future Publishing | Getty ImagesBEIJING — ier Chinese were more inclined to spend this year, while poorer people cut back on spending even more, McKinsey and Company found in a survey released Thursday.The divergence contrasts with 2019, before the pandemic, when "there was little differentiation in spending between the two groups," the McKinsey analysts said. They noted an official measure of consumer sentiment in China dropped this year to an all-time low.related investing newsWolfe Research downgrades travel stocks, says demand likely to slow as economic headwinds pick upAlex Harring10 hours agoDeutsche Banks says buy Estee Lauder ahead of China reopening — a move we started in SeptemberPaulina Likosa day agoLockdowns and travel restrictions to control Covid outbreaks in China grew more widespread this year as the more contagious Omicron variant enter
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EL
Earnings
- 2/5/24 - Beat
EL
Sec Filings
- 4/22/24 - Form 4
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- EL's page on the SEC website