The Estée Lauder Companies Inc. reported results for the fourth quarter and fiscal year ended June 30, 2009 that were in line with the company’s expectations. For the year, net sales fell 7% to $7.32 billion. For the three months ended June 30, 2009, net sales slipped 16% to $1.68 billion.

William P. Lauder, executive chairman, said, “The extraordinary economic difficulties we faced in fiscal 2009 resulted in lower net sales and earnings. While I am disappointed with our overall performance, throughout the fiscal year our company rallied to meet the challenging business conditions in the many regions of the world we serve.”