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The company reported net earnings of $692 million, a substantial increase from the prior-year period.
November 2, 2021
By: Lianna Albrizio
Associate Editor
The Estée Lauder Companies Inc. reached net sales of $4.39 billion for its first quarter, which ended Sept. 30, representing an increase of 23% from the prior-year period. Net sales grew in every region and product category, reflecting the recovery in brick-and-mortar retail stores, primarily in western markets. Organic net sales increased 18%. The Company reported net earnings of $692 million, a substantial increase from the prior-year period, which was $523 million. ...
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