Estee Lauder Fourth Quarter Profit Increases 84%

Aug. 16, 2013 10:31 AM ETEL

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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.

Originally published at www.seclive.com

Filing in Focus: Estee Lauder 8-K, August 15, 2013

The Estee Lauder Companies Inc. (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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