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October 29, 2002
By: TOM BRANNA
Editor
The Estee Lauder Companies Inc., New York, NY, today reported net sales for the first quarter ended Sept. 30 were $1.24 billion, a 4% increase from $1.19 billion in the prior-year period. Excluding the impact of foreign currency translation, net sales increased 2%. Net earnings were $73.4 million for the quarter compared with $97.1 million in the same period last year.Fred H. Langhammer, president and chief executive officer, said, “I’m pleased with our first quarter results, which w...
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