Estee Lauder Braved Economic Slowdown And Currency Headwinds To Present A Robust Q1 Fiscal 2016

The company delivered 8% adjusted constant currency growth in net sales, to $2.83 billion, and its net earnings increased 36% to $309.3 million. The company's diluted net earnings per common share increased 39% year-on-year to $.82. One of the primary reasons for the good results was the global prestige beauty industry which is demonstrating steady growth even in the face of economic slowdowns in several geographies. Makeup is the fastest growing segment in the prestige beauty industry and Estee...