Company News

Sales Jump 10% at Estée Lauder

Results for fiscal 2012 approach $10 billion.

Author Image

By: TOM BRANNA

Editor

Lux is back in a big way. Estée Lauder fiscal 2012 sales rose 10% to $9.71 billion. Excluding the impact of foreign currency translation, net sales also increased 10% from a year ago. The company reported a 110 basis point increase in operating margin and net earnings for the year rose 22% to $856.9 million, compared with $700.8 million last year. Diluted net earnings per common share rose 24% to $2.16, compared with $1.74 reported in the prior year. “A very strong fourth quarter,...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters