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

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.