Company News, Financial News

Estée Lauder Reports Q1 Performance

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By: TOM BRANNA

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The Estée Lauder Companies Inc. reported a solid financial performance for its first quarter ended Sept. 30, 2012, with net sales rising 3% to $2.5 billion. “In this new fiscal year, we continue to be guided by our winning strategy and commitment to profitable growth,” said Fabrizio Freda, president and CEO. “Our first quarter results demonstrate the solid fundamentals underlying our business and I am pleased and encouraged with our performance even in softer markets. Organic sales growth for th...

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