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Estée Lauder Margin Gains Drive Profit Jump: Rapid Earnings Reaction
Source: fool.com
Corporate EarningsCorporate Guidance & OutlookConsumer Demand & RetailCompany Fundamentals
Fragrance sales rose 20% and generated the highest operating margin among the four categories, while makeup and hair care were nearly flat. Management raised its full-year growth range to 4%–5.5%, but that outlook is below the quarter's 6% organic growth pace, which management expects to be front-loaded.
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