Financial News

Estée Lauder Companies’ Sales Rise 5%

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By: TOM BRANNA

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Estée Lauder Companies reported strong financial results for the fiscal year ended June 30, 2017. Net sales rose 5% to $11.8 billion. Incremental sales from the company’s recent acquisitions of Too Faced and Becca contributed approximately 2 percentage points to reported sales growth. “Throughout the fiscal year, our momentum accelerated, culminating in an outstanding fourth-quarter performance that completed another year of strong net sales and earnings per share growth,” said Fabrizio Freda...

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