Estee Lauder Cosmetics Sales Top $370 Mil. In Fiscal First Quarter
This article was originally published in The Rose Sheet
Executive Summary
Estee Lauder makeup sales grew 14% to $371.2 mil. in the fiscal first quarter (ended Sept. 30), the company reported Oct. 27. Excluding the effect of foreign exchange, cosmetics sales were up 16%. Makeup is Lauder's largest product category, representing 37.2% of overall sales. Net sales grew 10.7% to $997 mil. in the quarter, and earnings climbed 15.9% to $71.6 mil.