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Estée Lauder's FY fragrance sales soar 9%
20 Aug '05
4 min read
Net earnings and diluted earnings per share for the year increased 19% and 20%, respectively, compared with the prior year, including discontinued operations.
Net sales for the quarter ended June 30, 2005, increased 10% to $1.54 billion, compared with $1.40 billion in the fourth quarter of fiscal 2004. Excluding the impact of foreign currency translation, net sales increased 8% in the fourth quarter. On a reported basis, net sales in the quarter in skin care and makeup increased 10% and 11%, respectively.
Net sales increased in each geographic region, with 13% growth in Europe, the Middle East & Africa, 9% in the Americas and 6% growth in Asia/Pacific. In constant currency, net sales increased in each major product category and geographic region.
The Company reported net earnings from continuing operations for the fourth quarter of fiscal year 2005 of $66.6 million versus $71.3 million in the same prior-year period. Diluted earnings per common share from continuing operations for the three months ended June 30, 2005, including the special tax charge related to the AJCA, was $.30 compared with $.31 reported in the same prior-year period. Excluding the special tax charge in the three months ended June 30, 2005, net earnings from continuing operations rose 32% to $94.1 million and diluted earnings per share from continuing operations increased 36% to $.42.
Net earnings and diluted earnings per share for the current-year quarter decreased 6% and 3%, respectively, compared with the prior year, including discontinued operations. Such decreases were due to the special tax charge related to the AJCA.
Net sales for the quarter ended June 30, 2005, increased 10% to $1.54 billion, compared with $1.40 billion in the fourth quarter of fiscal 2004. Excluding the impact of foreign currency translation, net sales increased 8% in the fourth quarter. On a reported basis, net sales in the quarter in skin care and makeup increased 10% and 11%, respectively.
Net sales increased in each geographic region, with 13% growth in Europe, the Middle East & Africa, 9% in the Americas and 6% growth in Asia/Pacific. In constant currency, net sales increased in each major product category and geographic region.
The Company reported net earnings from continuing operations for the fourth quarter of fiscal year 2005 of $66.6 million versus $71.3 million in the same prior-year period. Diluted earnings per common share from continuing operations for the three months ended June 30, 2005, including the special tax charge related to the AJCA, was $.30 compared with $.31 reported in the same prior-year period. Excluding the special tax charge in the three months ended June 30, 2005, net earnings from continuing operations rose 32% to $94.1 million and diluted earnings per share from continuing operations increased 36% to $.42.
Net earnings and diluted earnings per share for the current-year quarter decreased 6% and 3%, respectively, compared with the prior year, including discontinued operations. Such decreases were due to the special tax charge related to the AJCA.
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