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Luxury brands and MAC fuel business.
October 31, 2013
By: TOM BRANNA
Editor
The Estée Lauder Companies Inc. reported net sales for its first quarter ended Sept. 30, 2013 rose 5% to $2.68 billion. Net earnings for the quarter were $300.7 million, compared with $299.5 million last year. Net sales growth during the quarter was particularly strong in the luxury and MAC brands, online and travel retail channels and overall in emerging markets. Many developed countries reported solid gains as well. The company made further progress on its strategic goals and realized a soli...
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