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Estee Lauder FY 1996 third quarter net income up 37.6% to $28.2 mil. on sales of $763.9 mil..

This article was originally published in The Rose Sheet

Executive Summary

ESTEE LAUDER NET INCOME UP 37.6% TO $28.2 MIL. IN THIRD QUARTER FY 1996 (ended March 31) on sales of $763.9 mil., an 8.7% increase over the prior year, the firm announced April 30. Excluding the impact of foreign currency, net sales grew 10%. The company highlighted the performance of its U.S. divisions, each of which "achieved double-digit retail sales growth during the quarter" as well as "market share gains." Estee Lauder also cited new product introductions and the "continued success" of its established brands as reasons behind the sales growth
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