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Estée Lauder’s Q1: Net Sales Up Just 1%

In line with expectations, according to CEO.

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By: Christine Esposito

Editor-in-Chief

The Estée Lauder Companies Inc. said that net sales for its first quarter ended September 30, 2016 rose 1% to $2.87 billion. Net earnings were $294 million, compared with $309 million last year. Excluding the impact of foreign currency translation, net sales increased 2%, according to the company.   During the fiscal 2017 first quarter, the company recorded restructuring and other charges of $31 million ($20 million after tax) in connection with its previously announced Leading Beauty Forward ...

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