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Estee Lauder Reports Strong 2nd Quarter Sales, But Softening Of Profit

February 5, 2014: 12:00 AM EST
Estée Lauder reported strong second quarter (ended December 31) sales of $3.02 billion, a three percent increase over last year. Profit for the quarter was $432.5 million, down from $447.5 million, with earnings per share at $1.09, down from $1.13. CEO Fabrizio Freda said second quarter sales performance was ”in line with our expectations”, though per-share profit exceeded forecasts because of strong results in several brands and high margin channels, and cost leveraging. Sales gains were led by the U.S. and the U.K. especially luxury and makeup artist brands, and online and travel retail channels. Sales growth in China and certain European countries slowed, but was strong in emerging markets.
"The Estée Lauder Companies Reports Fiscal 2014 Second Quarter Results", News release, Estée Lauder, February 05, 2014, © The Estée Lauder Companies Inc.
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