Estée Lauder Raises Guidance as First-Quarter Sales Grow 7%
Sales for the three months to September-end rose 7% to $3.72 billion, or 6% organically, ahead of expectations for 5% growth. Adjusted operating income increased to $449 million from $255 million.
Sales in the three months to September end jumped 7%, or by 6% on an organic basis, to $3.72bn — ahead of expectations for 5% growth — while adjusted operating income soared to $449m from $255m.Driving the growth was a robust performance in skin care, its biggest division, with particularly strong…