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October 1, 2018
By: TOM BRANNA
Editor
The Estée Lauder Companies Inc. (ELC) reported strong financial results for its fourth quarter and fiscal year ended June 30, 2018. For the fiscal year, net sales rose 16% to $13.68 billion. The company posted net sales growth in each major product category and each geographic region. Excluding the impact of currency translation, net sales increased 13%, according to the global beauty giant. These results reflect, in part, the firm’s strategy to drive growth by targeting its investments to...
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