SP 500 component Estee Lauder Companies Inc. reported its results for the second quarter. The Estee Lauder Companies manufacture skin care, makeup, fragrance, and hair care products.
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Estee Lauder Companies Earnings Cheat Sheet for the Second Quarter
Results: Net income for the personal products company rose to $396.7 million ($1 per share) vs. $343.9 million (86 cents per share) in the same quarter a year earlier. This marks a rise of 15.4% from the year earlier quarter.
Revenue: Rose 9.9% to $2.74 billion from the year earlier quarter.
Actual vs. Wall St. Expectations: Estee Lauder Companies Inc. was about in line with expectations as the mean analyst estimate of $1.01 per share. Analysts were expecting revenue of $2.75 billion.
Quoting Management: Fabrizio Freda , President and Chief Executive Officer, said, “The Company’s strong second quarter results complete an outstanding first half performance. Our sales and profits this holiday season came in higher than planned and demonstrate the vibrancy of our brand portfolio in solid as well as soft economies. Our results were again broad based across brands, regions, categories and channels. The key drivers of our 10% sales growth were the U.S., China, travel retail and online. Importantly, we continued our consistent gross margin and operating margin improvements.”
Key Stats:
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 45.8% and in the fourth quarter of the last fiscal year, the figure rose 72%.
Revenue has risen
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