The Estée Lauder Cos. Reports 6 Percent Sales Increase in Q4

The Estée Lauder Cos. announced fourth-quarter results demonstrating ongoing recovery momentum, with net sales reaching $3.6 billion, a 6 percent increase from the prior year. The results surpassed Wall Street analyst forecasts of $3.54 billion, with growth registered across all product categories except hair care and spanning all geographic regions.
The company reported a net loss of $116 million for the quarter, compared to $546 million in the equivalent prior-year period. Diluted net