Originally published at www.seclive.com
Filing in Focus: Estee Lauder 8-K, August 15, 2013
The Estee Lauder Companies Inc. (NYSE:EL) reported an 84% net profit increase in its most recent financial results announcement for the fourth quarter and fiscal year 2013. Net sales in fourth quarter increased 7% to $2.41B from $2.25B a year ago while net sales for the year increased 5% from $9.71B to $10.18B. Shareholders' earnings per share this quarter increased 84% from $0.13 to $0.24 while annual earnings per share increased 20% from $2.16 last year to $2.58 per share. Skin-care sales, the company's largest business segment, earned $4.5B, or approximately 45% of the company's sales. Estee Lauder, the parent company to brands such as Clinique, Tommy Hilfiger, and Origins, also reported a 6% gross profit margin increase from 79.5% to 80.1% thanks to sales growth and profitable new product launches.
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