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Estée Lauder Reports Higher Sales In September 2013 Quarter

October 31, 2013: 12:00 AM EST
Estée Lauder Companies Inc. said its net sales for the quarter ending September 30, 2013, rose 5 percent to $2.68 billion from $2.55 billion in the same quarter of 2012. With foreign currency effects excluded, net sales grew 6 percent, with net earnings for the quarter reaching $300.7 million, compared with $299.5 million in the same period of the previous year. Diluted net earnings per common share remained flat at $0.76. Results for fiscal 2014 and 2013 first quarter included charges from restructuring activities of $1.2 million and $0.4 million, respectively. Minus these charges, net earnings for the quarter were $301.6 million.
"The Estée Lauder Companies First Quarter Sales Rise 6% in Local Currency", Estée Lauder, October 31, 2013, © The Estée Lauder Companies Inc.
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