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Estée Lauder reports net sales $1.58 billion for Q3

05 Apr '06

1 min read

The Estée Lauder Companies Inc reported $1.58 billion in net sales for its third fiscal quarter ended March 31, 2006, a 3 percent increase over the $1.53 billion reported in the prior year. Excluding the impact of foreign currency translation, net sales rose 6 percent.

Primarily due to a special charge of $51.6 million, equal to $.15 per common share associated with the Company's previously announced cost savings initiative, the Company reported net earnings from continuing operations for the quarter ended March 31, 2006 of $63.2 million, compared with $107.6 million last year.

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The Estée Lauder Companies is one of the world's leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The Company's products are sold in over 130 countries and territories under well-recognized brand names, including Estée Lauder, Aramis, Clinique, Prescriptives, Origins, M-A-C, Bobbi Brown, Tommy Hilfiger, La Mer, Donna Karan, Aveda, Jo Malone, Bumble and bumble, Darphin, Michael Kors, Rodan + Fields, American Beauty, Flirt!, Good Skin(TM), Donald Trump the Fragrance, Grassroots, Sean John and Missoni.

Estée Lauder Companies Inc

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