Company News, Financial News

Acquisitions Fuels Sales at Estée Lauder

Q2 shows a 3% rise to $3.21 billion.

Estée Lauder reported net sales rose 35 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. Fabrizio Freda, president and chief executive officer, said, “Our second quarter sales growth accelerated as planned, reflecting the benefits of our portfolio diversity ...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters