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Estee Lauder Sales Rise in Fourth Quarter, Earnings Fall

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By: TOM BRANNA

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The Estee Lauder Companies Inc., New York, announced net sales increased 8% to $1.13 billion for the fourth quarter ended June 30, compared with $1.05 billion in the fourth quarter of fiscal 2001. Net sales in the quarter increased on a constant currency basis in all major product categories, with double-digit gains in makeup and hair care and low single-digit gains in skin care and fragrance. Net sales increased in each geographic region in constant currency, with high single-digit growth in th...

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