Estée Lauder Reports Net Sales
Posted: January 26, 2006
The Estée Lauder Companies Inc. reported net sales of $1.78 billion for its second fiscal quarter ended December 31, 2005. Excluding the impact of foreign currency translation, net sales rose 5%. The company reported net earnings from continuing operations for the quarter of $150.4 million, up 8% from $139.7 million last year. Diluted earnings per common share from continuing operations for the quarter rose 14% to $.70."Our results this quarter were led by a solid performance from our international operations, while sales in the United States reflected a mixed retail environment,” said William P. Lauder, president and CEO, The Estee Lauder Companies . “Enhanced focus and execution on cost containment in all areas of our business contributed sharply to our strong earnings. We continue to show progress on our strategic initiatives to drive strong top-line growth, provide further cost savings and generate significant and sustainable profit growth."