The Estee Lauder Companies Inc. EL reported second-quarter fiscal 2023 results, with the top and bottom line surpassing the respective Zacks Consensus Estimate. Management is lowering its fiscal 2023 outlook, thanks to disruption to travel and staffing levels in Hainan during November and December and the recently-unveiled potential roll-back of COVID-associated supportive measures across Korea duty-free. Guidance Management anticipates the rest of fiscal 2023 to be dynamic, including uncertain consumer recovery in travel retail, evolving COVID-19 situation, inflation, supply chain-related issues along with slowdown risk across some markets worldwide.