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Estee Lauder Posts Strong Revenue Gains In FY 2017

August 18, 2017: 12:00 AM EST
Estee Lauder reported net sales grew 9 percent to $2.89 billion in the quarter ending June 30, 2017, compared with the same period in the previous year. According to the beauty brand, recently acquired Too Faced and BECCA contributed about 3.5 percentage points to the total sales growth. For fiscal 2017 fourth quarter, the company reported net earnings of $229 million, compared with $94 million in the previous year. Diluted net earnings per common share was $.61, compared with $.25 in the same period of the previous year.
"The Estee Lauder Companies Delivers Strong Fiscal Year 2017 Results", The Estée Lauder , August 18, 2017, © The Estee Lauder Companies
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