Company News

Estee Lauder Cos. Reports Annual Sales Up 14%

Author Image

By: TOM BRANNA

Editor

The Estee Lauder Companies Inc., New York, reported net sales for its fiscal year ended June 30were up 14% to $5.79 billion from the prior year. Excluding the impact of foreign currency translation,net sales rose 9% for the year. For the year, net earnings increased 24% to $375.4 million.“Fiscal 2004 was a year when we exceeded our expectations,” said William P. Lauder, president andchief executive officer. “We began the year with strong financial targets, revised them upward a...

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