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Too Faced and Becca acquisitions fuel growth; skin care up by double digits.
November 1, 2017
By: Christine Esposito
Editor-in-Chief
The Estée Lauder Companies Inc. said for the first quarter ended September 30, 2017, net sales were a $3.27 billion, an increase of 14%, compared to the prior-year quarter. Incremental sales from the company’s recent acquisitions of Too Faced and Becca contributed approximately 4 percentage points of the reported sales growth. Net earnings rose 45% to $427 million. “We delivered an outstanding financial performance in our fiscal 2018 first quarter, demonstrating the power of our diverse bran...
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