Estee Lauder Cos Inc. (NYSE: EL) beat quarterly profit and sales estimates on Monday, August 20^TH, 2018 as customers purchased more of its Clinique and La Mer skincare products at duty free stores, online and beauty retailers.

Following the report, shares of the Company jumped 6% in early trading.

Estee’s strong results were in sharp contrast to rivals Revlon Inc (NYSE: REV) and e.l.f. Beauty Inc.’s (NYSE: ELF) lower-than-expected quarterly sales due to poor demand across U.S. retailers. Analysts attribute the Company’s success for the quarter, amid a slowdown in U.S. retail, to its more premium products and wide portfolio of cosmetics products.

Sales of Estee’s skin products rose 29% in the quarter and beat analysts’ estimates. Fragrance sales, especially those of Jo Malone London and Tom Ford, jumped 11% on the back of high demand in North America and Europe.

Overall, quarterly sales rose 14% to USD 3.3 Billion, beating the average analyst estimate of USD 3.25 Billion, according to Thomson Reuters I/B/E/S.

Estee Lauder said its plan to free up more cash for its faster growing brands by cutting costs is likely to help it save between USD 350 Million to USD 450 Million a year, more than the USD 200 Million to USD 300 Million it had expected earlier.

However, the Cosmetics Company expects a stronger Dollar - up 4.4% so far this year - to hurt its first quarter profit and sales. Estee expects earnings of USD 1.18 - USD 1.22 per share, compared with the analysts’ average estimate of USD 1.32, according to Thomson Reuters I/B/E/S.

Net income fell 19% to USD 186 Million or 49 cents per share in the quarter ended June 30. Excluding items it earned 61 cents per share, beating the average estimate of 56 cents.