By  on October 31, 2019

The Estée Lauder Cos. Inc. posted an 11 percent net sales gain and 19 percent earnings jump for the first quarter of fiscal 2020.

Net sales increased to $3.9 billion in the quarter, from $3.52 billion in the prior-year period. Net earnings were $595 million, up from $500 million in the prior-year period. Diluted net earnings per common share increased 21 percent to $1.61.

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