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September 28, 2001
By: TOM BRANNA
Editor
The Estee Lauder Companies Inc. today announced it is lowering its net sales and net earnings expectations for its fiscal 2002 first quarter and full year.The lower expectations, due in large part to recent events, reflect further uncertainty about consumer confidence and spending, inventory contraction by U.S. retailers, and a significant reduction in worldwide travel, directly affecting the company’s travel retail business. The Company cannot predict with certainty the extent or duration...
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