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Double Digit Growth at Estée Lauder

Each region—including the US—sees increases for Q1.

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By: TOM BRANNA

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The Estée Lauder Companies Inc. reported an “outstanding” financial performance for its first quarter ended Sept. 30, 2011, according to the company. Net sales increased 18% to $2.48 billion, while net earnings jumped 46% to $278.6 million. Fabrizio Freda, president and chief executive officer, said, “Our very strong company performance continued to be broad based, highlighted by healthy top line growth across all categories and regions, strong bottom line growth and continued margin expansio...

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