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00:02Estee Lauder shares rose in Wednesday's pre-market trading
00:06after the beauty giant unveiled its fiscal 2030 financial targets
00:10and outlined its beauty reimagined strategy, according to Benzinga.
00:14The company aims for mid-single-digit annual organic sales growth
00:18and double-digit adjusted earnings per share growth through fiscal 2030.
00:22It also targets an adjusted operating margin of 16.5% to 18.5%,
00:28supported by cost savings and operational improvements.
00:32The announcement follows better-than-expected fiscal first-quarter results
00:36and an increase in the company's fiscal 2027 sales and profit forecasts.
00:41Estee Lauder expects continued growth in fragrance and skincare,
00:45along with a return to full-year growth in makeup.
00:48Shares gained 1.62% to $107.10 in Wednesday's pre-market trading,
00:54according to Benzinga Pro data.
00:56For all things money, visit Benzinga.com.
