Estée Lauder has announced its financial results for Q3 2019 ended March 31, 2019.
The company saw net sales reach $3.74 billion, an 11% increase over $3.37 billion earned during Q3 2018.
Net Sales by Category
- Skin care net sales reached $1.74 billion, a 21% increase over $1.4 billion earned during Q3 2018.
- Makeup net sales reached $1.46 billion, a 5% increase over $1.38 billion earned during Q3 2018.
- Fragrance net sales reached $392 million, a 3% increase over $382 million earned during Q3 2018.
- Hair care net sales reached $136 million, a 2% decrease from $139 million earned during Q3 2018.
Fabrizio Freda, president and CEO, said, "We delivered terrific performance in our fiscal third quarter, driven by strategic investments in our best opportunities combined with creativity and data-driven insights that fueled exciting innovations. These drivers strengthened loyalty to our brands and hero franchises and attracted new consumers globally. Our strongest growth engines were the Asia/Pacific region, the skin care category, our Estée Lauder, La Mer and Tom Ford Beauty brands, and travel retail and global online channels."