Estee Lauder raises annual sales forecast on resilient beauty demand

(Reuters) - Estee Lauder Cos Inc raised its full-year sales forecast on Thursday, on resilient demand for its skincare and fragrances and an expected recovery in major market China that recently eased its COVID curbs.

The company expects 2023 net sales to fall between 5% and 7%, compared with the prior forecast of a decrease between 6% and 8%.

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shinjini Ganguli)