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Estee Lauder Reports Strong Profit Growth In June 2014 Quarter

August 15, 2014: 12:00 AM EST
Estee Lauder reported profit rose to $257.7 million in the quarter ending June 30, 2014, from $94 million in the same period of the previous year. According to the company, net sales increased 13 percent to $2.7 billion during the period, while sales for the fiscal year rose 8 percent to $11.0 billion. Growth was driven by the 4 percent increase in spending by well-to-do consumers in the United States in the year ending June 2014. Sales of the company’s skin-care products, which account for the biggest portion of total sales, rose 14 percent to $1.2 billion. Sales of makeup products grew 12 percent to $1.1 billion, while fragrance revenue expanded 13 percent to $309 million.
Anna Prior And Serena Ng, "Estee Lauder Profit Gets Boost From Early Orders", Wall Street Journal, August 15, 2014, © Dow Jones & Company, Inc
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