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Skin care up sharply globally, as slower foot traffic impacts US makeup sales.
February 2, 2018
By: Christine Esposito
Editor-in-Chief
For the second quarter ended December 31, 2017, the Estée Lauder Companies Inc.’s net sales were $3.74 billion, an increase of 17%, compared with $3.21 billion in the prior-year quarter. Incremental sales from the company’s acquisitions of Too Faced and Becca contributed approximately two percentage points of the reported sales growth. Net earnings were $123 million, and include provisional one-time charges of $394 million related to the U.S. Tax Cuts and Jobs Act (TCJA) that was signed into...
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