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... More