Financial News

Annual Sales Rise 5% at Estée Lauder

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By: TOM BRANNA

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The Estée Lauder Companies Inc. reported fiscal 2013 sales increased 5% to $10.18 billion. For the three months ended June 30, 2013, it reported a 7% increase in net sales to $2.41 billion. Fabrizio Freda, president and chief executive officer, said, “We concluded another outstanding fiscal year with a strong fourth quarter that saw high-single-digit sales gains and exceptional double-digit earnings per share growth. Fiscal 2013 marked another record year in which our company achieved a number ...

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