Q4 sales 3.87 bln usd, up 7% (Il Sole 24 Ore Radiocor) - New York , 19 Aug - The announcement of Freda's upcoming departure came as Estee Lauder announced financial results for the fourth quarter and full financial year 2024, which ended on June 30.

In the fourth quarter, sales rose by 7% to 3.87 billion dollars despite a slowdown in key areas of the company's business, mainly mainland China, Asia travel retail an North America. Organic sales rose 8%, due to growth across all product categories, led by Skin Care, driven by the company's global travel retail business. This represented an acceleration from the 6% growth in the fiscal 2024 third quarter.

The fourth quarter net loss widened to 284 million dollars, or 0.79 dollars per diluted share, from a loss of 33 million, or 0.09 dollars per diluted share the year earlier. Adjusted diluted EPS increased to 0.64 dollars from 0.07 dollars.

Adjusted diluted EPS at constant currency was 0.67 dollars.

AAA-Hob

(RADIOCOR) 19-08-24 13:35:35 (0241) 5 NNNN