Financial News

New Brands Fuel Sales at Estée Lauder

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By: TOM BRANNA

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Estée Lauder reported net sales rose 3% to $3.21 billion for its second quarter ended Dec. 31, 2016. Incremental sales from the company’s recent acquisitions of By Kilian, Becca and Too Faced contributed approximately 90 basis points to sales growth, of which less than half is attributable to Too Faced, said the company. “Our second quarter sales growth accelerated as planned, reflecting the benefits of our portfolio diversity by brand, channel, product category and country,” said Fabrizio ...

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