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Estée Lauder's sales and profits fall in first quarter fiscal 2015
November 4, 2014
By: TOM BRANNA
Editor
The new fiscal year is off to a rough start for The Estée Lauder Companies, which reported a 24% decline in first-quarter profit, hurt by lower sales as some retailers advanced orders in the fourth quarter ahead of a planned technology upgrade. Net income attributable to Estee Lauder fell to $228.1 million, or 59 cents per share, in the first quarter ended Sept. 30. Net sales fell 1.6%to $2.63 billion, hurt in part by a strong dollar and weakness in Asian markets. Skin care sales fell 7% t...
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