The Estée Lauder Cos. and e.l.f. Beauty’s outlooks for 2023 couldn’t look more different: the cosmetics giant reduced its fiscal year forecasted sales in November, citing lacklustre demand in China, among other factors. On the same day, e.l.f. Beauty raised its outlook, reporting a 15th consecutive quarter of growth.
Both companies report fresh results this week, and between them we should get a reasonably complete snapshot of how the…