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Estee Lauder Posts Strong Sales And Revenue Gains In 4Q And FY 2016

August 19, 2016: 12:00 AM EST
Estee Lauder Companies, Inc., reported net sales increased 5 percent to $2.65 billion in the fourth quarter of fiscal year, which ended June 30, 2016, compared with $2.52 billion in the same quarter of the previous year. Net earnings for the quarter were $93.5 million, compared with $153 million from the previous year. Net sales for the whole year were $11.26 billion, an increase of 4 percent from the $10.78 billion in the previous year. According to the company, net earnings for the year rose 2 percent to $1.11 billion, compared with $1.09 billion in FY 2015.
"The Estée Lauder Companies Delivers Strong Fiscal Year 2016 Results", Estée Lauder, August 19, 2016, © The Estée Lauder Companies Inc.
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