Analysts are bullish on Lauder's growth potential, encouraged by its booming travel retail business. Rising air traffic is expected to boost sales in the travel retail segment in the upcoming quarters. The company has also witnessed a rise in online sales. Furthermore, the company continues to roll out winning products. Lauder's new Modern Muse fragrance brand debuted in selected countries in September, and became a bestseller at Harrods in the UK and was among the top 10 women prestige fragrances in the US Other successful fragrances launched during the quarter include the Michael Kors Collection, Tory Burch and Zegna Uomo, all of which were well received.