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October 3, 2016
By: TOM BRANNA
Editor
Buoyed by gains in color cosmetics, Estée Lauder said sales rose for the quarter and the year. For the three months ended June 30, 2016, net sales increased 5% to $2.65 billion. Fiscal 2016 fourth quarter sales benefited from innovative new products and double-digit growth in several emerging and developed markets, according to the company. Lauder also generated double-digit gains in its travel retail and online channels. However, Q4 net earnings fell nearly 40% to $93.5 million. The beauty comp...
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