The Estée Lauder Co. Inc., fresh from its acquisition free, saw sales and profit rise in the second quarter.
Net earnings attributable to the company gained 1 percent to $435.7 million, or $1.13 a diluated share, compared with $432.5 million, or $1.09 a share, in the year-ago period.
Net sales ticked up 1 percent to $3.04 billion, compared with $3.02 billion a year earlier. Excluding the impact of foreign currency translation, net sales gained 5 percent.
Fabrizio Freda, president and chief executive officer, said, “For the quarter, our sales and profits came in higher than planned as we continued to leverage our diverse growth engines and capitalized on high-growth opportunities, which translated into excellent results in several of our higher-margin brands and channels, while efficiently managing costs. Key drivers of our performance were the United Kingdom and emerging markets, our makeup and luxury brands, and online, specialty-multi and freestanding store channels.”