Lauder defies expectations with healthy Q4 results

Published: 14-Aug-2008

Estée Lauder today posted better than expected fourth quarter profits, aided by higher sales in all categories and by the weak US dollar. Net income increased to $120.2m (61 cents per share) in the period ended 30 June, up from $88.6m (45 cents per share) in the same period, 2007. According to Reuters Estimates, analysts had expected the figure to be 56 cents per share.


Estée Lauder today posted better than expected fourth quarter profits, aided by higher sales in all categories and by the weak US dollar. Net income increased to $120.2m (61 cents per share) in the period ended 30 June, up from $88.6m (45 cents per share) in the same period, 2007. According to Reuters Estimates, analysts had expected the figure to be 56 cents per share.

The company, whose brands include MAC, Clinique, Aveda and Bobbi Brown, saw sales of $2.01bn, a 14% rise. Even excluding the impact of foreign currency exchange rates, which increased the dollar value of sales from overseas, sales were up 9%.

Estée Lauder shares were today up 6.8% at $48 from Wednesday's NY Stock Exchange close of $44.96.

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