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January 4, 2018
By: TOM BRANNA
Editor
Estée Lauder Companies (ELC) said first quarter sales rose 14% to $3.27 billion, during its fiscal first quarter ended September 30, 2017. Incremental sales from the company’s recent acquisitions of Too Faced and Becca contributed approximately 4 percentage points of the reported sales growth. Net earnings rose 45% to $427 million. “We delivered an outstanding financial performance in our fiscal 2018 first quarter, demonstrating the power of our diverse brand portfolio to leverage our mult...
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