Estee Lauder tops estimates on China demand, online boost

Estee Lauder tops estimates on China demand, online boost By Estee Lauder Cos Inc beat analysts’ estimates for quarterly sales and profit on Monday,benefiting from strong Chinese demand and a surge in online orders for its skincare products. Photo: Estee Lauder The M.A.C brand owner has been ramping up investments in its online business and has seen growth in demand for its skincare products as customers confined to their homes opted for serums and moisturizers instead of traditional make-up items.Estee has also benefited from improving sales at duty-free shops in China as domestic travel picked up in the worldࢀ™s second-largest…