Aug 18 (Reuters) - Estee Lauder Cos Inc on Thursday forecast full-year sales below estimates, signaling a hit from fresh COVID-19-related lockdowns in China, which is one of its major market.
The company expects full-year 2023 net sales to increase between 3% and 5%, compared with analysts' average estimate of a 7.6% rise, according to IBES data from Refinitiv. (Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shinjini Ganguli)
