Estée Lauder exceeds expectations in Q2

Published: 9-Feb-2010

Estée Lauder has exceeded its own expectations with its fiscal second quarter results, ending 31 December 2009. The company achieved net sales of $2.26bn, which was a healthy 11% rise on the comparable period of the previous year.


Estée Lauder has exceeded its own expectations with its fiscal second quarter results, ending 31 December 2009. The company achieved net sales of $2.26bn, which was a healthy 11% rise on the comparable period of the previous year.

When looking at net sales excluding the impact of foreign translations there was still a significant rise of 6%. Net earnings also saw a profitable growth, rising from $158m in the fiscal second quarter of 2008 to $256.2m in the same period of 2009.

And it seems that it was a mix of factors that aided the growth, including a strong travel retail sector and a successful holiday period in both the UK and the US.

Fabrizio Freda, president and ceo, says, “Our strong top line growth indicates consumers have responded positively. I am very pleased with our performance in our travel retail business, the Asia region and a good holiday season, particularly in the US and the UK where we had the right mix of gift sets and basic products supported by the integral personal service from beauty advisors.”

However, the company remains wary about the current economic situation and the continued threat it holds. “While certain businesses have shown signs of improvement and the economic challenges and some external uncertainties have abated we remain mindful that they have not completely disappeared. We continue to examine our business to more closely align our cost structure with expected sales growth and plan to make targeted incremental investments throughout the balance of the year to support and grow our brand,” says Freda.

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