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Estée Lauder’s Fragrance Segment Reports Highest 4Q15 Results

Estée Lauder Beats 4Q15 Earnings Estimates, Misses on Sales

(Continued from Prior Part)

Fragrance segment results

Net revenues for 4Q15 for The Estée Lauder Companies’ (EL) fragrance product category increased 9% to $0.34 billion in reported terms compared to 4Q14. Revenue increased 26% in constant-currency terms after adjusting for shifts in orders and the Venezuela remeasurement charges. This segment reported the highest constant-currency sales growth among all the other product categories. However, full-year fiscal 2015 net revenue for the fragrance segment fell 1% in reported terms and increased 5% in constant-currency terms to $1.4 billion.

Fragrance sales and operating income decrease for fiscal 2015

Fiscal 2015 sales for the fragrance segment decreased primarily due...