Estee Lauder sales fall first time in three quarters

[August 17, 2015]  (Reuters) - Cosmetics maker Estee Lauder Cos Inc's net sales fell for the first time in three quarters, hurt by a stronger dollar and less demand for Clinique and Estee Lauder skin care products.

Net income attributable to Estee Lauder fell to $153.0 million, or 40 cents per share, in the fourth quarter ended June 30, from $257.7 million, or 66 cents per share, a year earlier.

The company's net sales fell 7.4 percent to $2.52 billion.

Sales in the skin care business fell 16 percent to $1.01 billion.

(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Maju Samuel)
 

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