- Estee Lauder (NYSE:NYSE:EL) reports net sales rose 15% on a constant currency basis in FQ1.
- Revenue by geography: The Americas: +14% to $1.27B; EMEA: +8% to $1.02B; Asia/Pacific: -4% to $549.6M.
- Revenue by segment: Skin Care +2% to $1.11B; Makeup +14% to $1.16B; Fragrance +9% to $412.9M; Hair Care +5% to $134.3M; Other +32% to $16.9M.
- Gross margin rate flat Y/Y at 79.6%.
- Adjusted operating margin rate declined 90 bps to 16%.
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FQ2 2016 Guidance: Net sales: +6% to +7% (on a constant currency basis); Diluted EPS: $1.04 to $1.08.
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FY2016 Guidance: Net sales: +8% to +10% (on a constant currency basis); Diluted EPS: $3.10 to $3.17.