Company News, Financial News

Annual Sales Rise 5% at Estée Lauder

Luxury brands, online retail channels drive business.

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By: TOM BRANNA

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  The Estée Lauder Companies Inc. reported a strong financial performance for its fourth quarter and fiscal year ended June 30, 2013. For the year, net sales increased 5% to $10.18 billion. For the three months ended June 30, 2013, it reported a 7% increase in net sales to $2.41 billion.   Fabrizio Freda, president and chief executive officer, said, “We concluded another outstanding fiscal year with a strong fourth quarter that saw high-single-digit sales gains and exceptional double-digit earni...

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