Company News, Financial News

FY 2018 A Banner Year for Estée Lauder Companies

Record global sales at flagship while La Mer contributes $1 billion.

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By: Christine Esposito

Editor-in-Chief

The Estée Lauder Companies Inc. (ELC) reported strong financial results for its fourth quarter and fiscal year ended June 30, 2018.   For the fiscal year, net sales were $13.68 billion, a 16% increase over the prior year. The company posted net sales growth in each major product category and each geographic region. Excluding the impact of currency translation, net sales increased 13%, according to the global beauty giant.   These results reflect, in part, the firm’s strategy to drive growth ...

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