Breaking News

Sales Rise 7% at Estée Lauder

March 14, 2013

• The Estée Lauder Companies Inc. reported net sales for its second quarter ended Dec. 31, 2012 rose 7% to $2.93 billion.

For the six months ended Dec. 31, 2012, the company reported a 5% increase in net sales to $5.48 billion. Net sales grew in each of the company’s geographic regions and major product categories.
Estée Lauder began the second half of its fiscal year by successfully launching another wave of its Strategic Modernization Initiative in early January, a key driver to achieving additional long-term efficiencies, according to Fabrizio Freda, president and chief executive officer.

“Our recent increased strategic marketing spending behind key innovations and existing winning products in countries with good momentum should help drive sales growth in coming months,” he said.
Looking ahead, Freda expects continued solid growth in the US and many emerging markets and e-commerce and improving trends in travel retail. For the full fiscal year, Estée Lauder is re-affirming its sales growth forecast of between 6% and 7% in local currency.

Although the global prestige beauty industry continues to experience mixed results and overall growth has slowed from the prior year, the company’s performance was broad-based, generating local currency sales gains in each of its geographic regions and major product categories, according to Lauder. Sales growth was solid in the US and certain developed countries and strong overall in emerging markets.
blog comments powered by Disqus
  • Long Term Sustainability In the Nonwovens Market

    Long Term Sustainability In the Nonwovens Market

    August 23, 2016
    Learn more at Cleaning Products USA, Nov. 9-11, 2016

  • Fro Yo!

    Fro Yo!

    Tom Branna, Editorial Director||August 22, 2016
    Project Beauty dishes out Hairgurt, a line of vitamin-rich hair shampoos and conditioning masques.

  • TLC for Those Who Need It Most

    TLC for Those Who Need It Most

    Christine Esposito, Associate Editor||August 22, 2016
    New curriculum debuting at Bellus Academy helps estheticians treat a population that needs TLC.