The Estée Lauder Companies Inc. (EL) today reported net
sales for its first quarter ended September 30, 2013 of $2.68 billion, a 5%
increase compared with $2.55 billion in the prior-year quarter. Excluding the
impact of foreign currency translation, net sales increased 6%. Net earnings
for the quarter were $300.7 million, compared with $299.5 million last year and
diluted net earnings per common share were $.76, which was flat with the prior
year.
The fiscal 2014 and 2013 first quarter results included
charges associated with restructuring activities of $1.2 million and $0.4
million, respectively. Additionally, in the fiscal 2013 first quarter, the
Company recorded a pre-tax charge of $19.1 million ($12.2 million after tax),
for the extinguishment of debt, equal to $.03 per diluted common share. Read more.
No comments:
Post a Comment