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Estee Lauder Reports Strong Sales Growth In 1Q Of FY 2016

November 2, 2015: 12:00 AM EST
Estee Lauder Companies Inc. reported net sales grew 8 percent to $2.83 billion in the first quarter ending September 30, 2015, compared with $2.63 billion in the same quarter of the previous year. Net earnings rose 36 percent to $309.3 million, compared with $228.1 million in the previous year. Diluted net earnings per common share increased 39 percent to $.82 from $.59 in the previous year. Net sales increased 15 percent and diluted net earnings per common share rose 58 percent, with the impact of foreign currency translation excluded.
"The Estee Lauder Companies Delivers Strong Sales and Earnings Growth in Fiscal 2016 First Quarter", Estee Lauder, November 02, 2015, © The Estée Lauder Companies Inc.
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