Lauder Sales Looking Up

January 26, 2006 | Contact Author | By: Rachel Chapman
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Title: Lauder Sales Looking Up
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The Estée Lauder Companies Inc. reported net sales of US$1.78 billion for its second fiscal quarter ended Dec. 31, 2005. Excluding the impact of foreign currency translation, net sales rose 5 percent. The company reported net earnings from continuing operations for the quarter of US$150.4 million, up 8 percent from US139.7 million last year. Diluted earnings per common share from continuing operations for the quarter rose 14 percent to US$.70.

"Our results this quarter were led by a solid performance from our international operations, while sales in the United States reflected a mixed retail environment,” said William P. Lauder, president and CEO, The Estee Lauder Companies, in a press statement. “Enhanced focus and execution on cost containment in all areas of our business contributed sharply to our strong earnings. We continue to show progress on our strategic initiatives to drive strong top-line growth, provide further cost savings and generate significant and sustainable profit growth."