Financial News

Sales Rise 3% at Lauder

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By: TOM BRANNA

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The Estée Lauder Companies Inc. said net sales for its second quarter ended Dec. 31, 2013 rose 3% to $3.02 billion. Skin care net sales were approximately $48 million; makeup, $32 million; fragrance, $10 million; and hair care, approximately $4 million. By region, net sales in the Americas were $29 million; Europe, the Middle East & Africa, approximately $15 million; and Asia/Pacific, approximately $50 million.  “Our fiscal second quarter sales growth was in line with our expectations, des...

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