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Net sales are up, but the coronavirus is forecasted to affect Q3.
February 6, 2020
By: Charlie Sternberg
Associate Editor
The Estée Lauder Companies Inc. has reported the financial results for its second quarter ended December 31, 2019. Net sales of $4.62 billion increased 15% from $4.01 billion in the prior-year period. Excluding the impact of currency translation, net sales increased 16%. “We delivered superb results in our second quarter, leading to an excellent first half. Our multiple engines of growth generated broad-based gains across all our regions and major categories, as our prestige brand portfolio wa...
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