Financial News

Estée Lauder Posts Strong Q1

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By: TOM BRANNA

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Beauty is booming at Estée Lauder. For its first quarter ended Sept. 30, 2018, the company posted an 8% increase in net sales to $3.52 billion. Net sales rose in nearly all product categories, geographic regions and channels. The firm continues to expect global prestige beauty to grow 5% to 6% during the fiscal year. “Our fiscal year is off to an excellent start. Our sales and earnings per share grew double digits, reflecting multiple engines of global growth throughout our product categories...

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