Company News, Financial News

Estée Lauder Reaches New Highs

Stock rises more than 24% on the year.

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By: TOM BRANNA

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Helped along by a booming travel retail business, shares of Estee Lauder Companies Inc. reached a new 52-week high of $75.02 on Nov 22, following the release of solid first quarter fiscal 2014 results on Oct 31. The stock closed at $74.32 yesterday. Net sales climbed 6% on the back of higher sales across most geographic regions and major product categories. In the quarter under review, the Hair Care category was strongest with 10% growth followed by fragrance (6%), skin care (5%) and Makeup (4%)...

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