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Sales jump 16% led by double-digit gains in Asia-Pacific and increases for Estée Lauder, La Mer and Tom Ford Beauty.
May 3, 2021
By: TOM BRANNA
Editor
Driven by gains for its flagship Estée Lauder brand and improvements in Asia-Pacific, The Estée Lauder Companies Inc.'s third quarter sales rose 16% to $3.86 billion. Net sales grew in every region and in most product categories reflecting the recovery in several areas compared to the prior year where brick-and-mortar began to shut down as COVID-19 spread globally. The company reported net earnings of $456 million, compared with a net loss of $6 million a year ago. “We exceeded our sale...
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