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Estee Lauder Makes Investors Look, Feel Good
Estee Lauder (EL Quote) reported a solid double-digit sales increase this past quarter. The company's sales rose 14% to $2.01 billion from $1.76 billion.
International sales are booming, now representing 59% of the company's total revenue (up from 54% last year). Specifically, the company reported 21% revenue growth in both Asia and Europe. Management sees growth in emerging markets as a big driver of the earnings contributions. Mature markets like the Americas saw sales grow 4.2% to $3.71 billion. ...
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