Feb 5 Estée Lauder Cos Inc reported
higher quarterly sales and profit on Tuesday and reaffirmed its
full-year forecast for sales growth, pointing to strong U.S.
demand, which is helping counteract weak markets like Southern
Europe and South Korea.
Estee Lauder reported net income of $447.5 million, or $1.13
a share, for the second quarter ended Dec. 31, up from $396.7
million, or $1.00 a share, a year earlier.
Sales in the fiscal second quarter grew 7.1 percent to $2.93
billion, with skin care showing the largest gains.
The company, known for its namesake brand as well as lines
such as La Mer and MAC, still expects sales growth this year of
6 percent to 7 percent in local currency terms, though it
expects third-quarter sales to increase 3 to 4 percent.