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Estée Lauder
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Stock Market

The Estée Lauder Companies reports record fiscal 2013 fourth quarter and full year results

August 15th, 2013 by ,    photos by elcompanies.com

Press release - Estée Lauder (EL) - August 15, 2013

 
 

NEW YORK--(BUSINESS WIRE)--Aug. 15, 2013-- The Estée Lauder Companies Inc. (NYSE: EL) today reported a strong financial performance for its fourth quarter and fiscal year ended June 30, 2013. For the year, the Company achieved record net sales of $10.18 billion, a 5% increase compared with $9.71 billion in the prior year. Excluding the impact of foreign currency translation, net sales increased 6%. The Company reported a 150 basis-point increase in operating margin, and net earnings for the year rose 19% to $1.02 billion, compared with $856.9 million last year. Diluted net earnings per common share rose 20% to $2.58, compared with $2.16 in the prior year.

The fiscal 2013 full-year results included returns and charges associated with restructuring activities of $17.8 million ($11.7 millionafter tax), equal to $.03 per diluted common share. Additionally, during the fiscal year, the Company redeemed $230.1 million principal amount of its 7.75% Senior Notes due 2013. As a result, the Company recorded a pre-tax charge to earnings of $19.1 million ($12.2 million after tax), for the impact of the extinguishment of debt, equal to $.03 per diluted common share. The fiscal 2012 full-year results included returns and charges associated with restructuring activities of $63.2 million ($44.1 million after tax), equal to $.11 per diluted common share.

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Stock Market

The Estée Lauder Companies Inc. declares quarterly dividend of $.18 per share

August 15th, 2013 by ,    photos by elcompanies.com

Press release - Estée Lauder (EL) - August 15, 2013

 
 

NEW YORK--(BUSINESS WIRE)--Aug. 15, 2013-- The Estée Lauder Companies Inc. (NYSE: EL) will pay a quarterly dividend of $.18per share on the Company’s Class A and Class B Common Stock on September 16, 2013 to stockholders of record at the close of business on August 30, 2013.

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The Company’s products are sold in over 150 countries and territories under the following brand names: Estée Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, M•A•C, Bobbi Brown, Tommy Hilfiger, Kiton, La Mer, Donna Karan, Aveda,Jo Malone, Bumble and bumbleDarphin, Michael Kors, American Beauty, Flirt!, GoodSkin Labs, Grassroots Research Labs, Tom Ford, Coach, Ojon, Smashbox, Ermenegildo Zegna, Aerin Beauty, Osiao and Marni.

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Fashion/Beauty

Estée Lauder clinical trial finds link between sleep deprivation and skin aging

July 23rd, 2013 by ,    photos by elcompanies.com

Press release - Estée Lauder Companies (EL) - July 23, 2013

 
 

CLEVELAND--(BUSINESS WIRE)--Jul. 23, 2013-- In a first-of-its-kind clinical trial, physician-scientists at University Hospitals (UH) Case Medical Center found that sleep quality impacts skin function and aging. The recently completed study, commissioned by Estée Lauder, demonstrated that poor sleepers had increased signs of skin aging and slower recovery from a variety of environmental stressors, such as disruption of the skin barrier or ultraviolet (UV) radiation. Poor sleepers also had worse assessment of their own skin and facial appearance.

The research team, led by Primary Investigator Elma Baron, MD, presented their data this spring at the International Investigative Dermatology Meeting in Edinburgh, Scotland in an abstract titled “Effects of Sleep Quality on Skin Aging and Function.”

“Our study is the first to conclusively demonstrate that inadequate sleep is correlated with reduced skin health and accelerates skin aging. Sleep deprived women show signs of premature skin aging and a decrease in their skin’s ability to recover after sun exposure,” said Dr. Baron, Director of the Skin Study Center at UH Case Medical Center and Associate Professor of Dermatology at Case Western Reserve University School of Medicine. “Insufficient sleep has become a worldwide epidemic. While chronic sleep deprivation has been linked to medical problems such as obesity, diabetes, cancer and immune deficiency, its effects on skin function have previously been unknown.”

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Fashion/Beauty

The Estée Lauder Companies appoints Philippe Warnery to General Manager, Canada

June 24th, 2013 by ,    photos by esteelauder.com

Press release - The Estée Lauder Companies Inc. (EL) - June 24, 2013

 
 

NEW YORK--(BUSINESS WIRE)--Jun. 24, 2013-- Thia Breen, Group President, North America for The Estée Lauder Companies Inc. (NYSE: EL), announced that Philippe Warnery has been appointed to the position of General Manager, Canada.  

Mr. Warnery will be responsible for the growth and profitability of the Canadian affiliate with a focus on locally relevant opportunities, assessing market conditions, building key account relationships, managing operational effectiveness, building capabilities, and aligning and engaging the Canada team. Mr. Warnery’s appointment is effective August 12, 2013 and he will report to Ms. Breen.  

“Canada is an important strategic focus for the North America region and Philippe will be a key member of my leadership team. He has broad experience in developing and executing international marketing strategies and a collaborative style that will serve him well in this new role. I am delighted to welcome him to our team,” said Ms. Breen.  

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