Exhibit 99.1

 

News

 

Contact:

Investor Relations:

Dennis D’Andrea

(212) 572-4384

 

 

767 Fifth Avenue

Media Relations:

New York, NY 10153

Alexandra Trower

 

(212) 572-4430

 

 

 

THE ESTÉE LAUDER COMPANIES REPORTS STRONG ADJUSTED CONSTANT
CURRENCY SALES AND EARNINGS GROWTH IN FISCAL 2015

FOURTH QUARTER AND FULL YEAR

 

— NET SALES IN LINE WITH EXPECTATIONS, EPS BETTER THAN ANTICIPATED —

 

— FISCAL 2016 SALES AND EARNINGS OUTLOOK REMAINS STRONG —

 

New York, NY, August 17, 2015 -

The Estée Lauder Companies Inc. (NYSE: EL) today reported financial results for its fourth quarter and fiscal year ended June 30, 2015.  For the three months ended June 30, 2015, the Company reported net sales of $2.52 billion, compared with $2.73 billion in the prior-year period.  The fiscal 2014 fourth quarter included the effect of the accelerated retailer orders, described below, which created an unfavorable comparison with the fiscal 2015 fourth-quarter results.  Adjusting for the impact of the accelerated orders, net sales in constant currency for the three months ended June 30, 2015 would have increased 7%, in line with the Company’s expectations, and grew in each of the Company’s geographic regions and product categories, except skin care.

 

The Company’s fourth quarter sales benefited from innovative new products and growth in emerging and developed markets.  The Company generated strong gains in the U.S., after adjusting for the accelerated orders, and constant currency double-digit gains in the U.K.  Double-digit constant currency increases were generated in many European emerging markets, as well as in Asia/Pacific.  The Company reported net earnings of $153.0 million, compared with $257.7 million last year.  Diluted net earnings per common share were $.40, compared with $.66 reported in the same prior-year period.  Adjusting for the impact of the accelerated orders, diluted net earnings per common share in constant currency for the three months ended June 30, 2015 would have increased 4%.

 

For the year, the Company achieved net sales of $10.78 billion, a 2% decrease compared with $10.97 billion in the prior year.  Net earnings for the year were $1.09 billion, compared with $1.20 billion last year, and diluted net earnings per common share were $2.82, compared with $3.06 reported in the prior year.  For the year, the negative impact of foreign currency translation on diluted net earnings per common share was $.24.  Excluding the impact of foreign currency translation, net sales increased 3% and diluted net earnings per common share were flat. Adjusting for the impact of the accelerated orders and the charges noted below, net sales and diluted earnings per common share in constant currency for the fiscal year ended June 30, 2015 would have

 

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The following information was filed by Estee Lauder Companies Inc (EL) on Monday, August 17, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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