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Estée Lauder Reports Sales, Profit Increases In 4Q, Fiscal 2013

August 15, 2013: 12:00 AM EST
Estée Lauder posted strong fourth quarter and 2013 fiscal year (ended June 30) financial results. Net sales for the year set a record at $10.18 billion, a five percent increase over last year. Profit for the year rose 19 percent to $1.02 billion, compared with $856.9 million last year. Net profit per share climbed 20 percent to $2.58, compared with $2.16 in the prior year. Fourth quarter net sales rose seven percent to $2.41 billion. CEO Fabrizio Freda said the company’s sales growth was “greater than global prestige beauty”; he said the company enhanced its business in skin care, emerging markets and fast-growing distribution channels.
"The Estée Lauder Companies Reports Record Fiscal 2013 Fourth Quarter and Full Year Results", News release, Estée Lauder, August 15, 2013, © The Estée Lauder Companies
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