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Estée Lauder Beats the Street in Q1

Boosts outlook for the full year.

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By: TOM BRANNA

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Estée Lauder’s first quarter net sales fell 4% to $1.83 billion. Excluding the impact of foreign currency translation, net sales decreased slightly from the year-ago period. Net earnings, including charges associated with restructuring activities, more than doubled from $51.1 million in last year to $140.7 million. Lauder’s business in each of its product categories and geographic regions continued to be affected by challenging and volatile economic ...

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