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December 2, 2015
By: TOM BRANNA
Editor
The Estée Lauder Companies Inc. reported strong financial results for its fiscal 2016 first quarter, which ended Sept. 30, 2015. Net sales rose 8% to $2.83 billion. Net earnings increased 36% to $309.3 million. Skin care net sales rose 2% to $1.1 billion, while makeup sales climbed 14% to $1.2 billion. Fragrance rose 9% to $412.9 million and hair care increased 5% to $134.3 million. Skin care net sales increased due to the favorable comparison related to accelerated orders. Contributing to...
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