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CEO calls fiscal 2019 an outstanding year for the "best diversified pure play in the industry."
August 20, 2019
By: Christine Esposito
Editor-in-Chief
The Estée Lauder Companies Inc. said net sales for the fiscal year ended June 30, 2019 rose 9% over the prior year reaching $14.86 billion. Excluding the negative impact of currency translation and the adoption of the new revenue recognition accounting standard (ASC 606), net sales increased 12%, according to the company. Net earnings rose to $1.79 billion from $1.11 billion last year. “Fiscal 2019 was an outstanding year for our company. We achieved strong net sales gains across our b...
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