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In the estéemed opinion of investors, will it be viewed as a lauderable performance?
Estée Lauder has annoucned it will pay a quarterly dividend of $.18 per share on the Company’s Class A and Class B Common Stock on September 16, 2013 to stockholders of record at the close of business on August 30, 2013.
Estée Lauder Companies Inc.mone of the world’s leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products, products are sold in over 150 countries and territories under the brand names including Estée Lauder, Bobbi Brown, Tommy Hilfiger, Donna Karan and Tom Ford.
The dividend announcemt can along with the company’s full year results. Reported a strong financial performance for its fourth quarter and fiscal year ended June 30, 2013, the company achieved record net sales of $10.18 billion, a 5% increase compared with $9.71 billion in the prior year. Excluding the impact of foreign currency translation, net sales increased 6%.
The fashion giant also reported a 150 basis-point increase in operating margin, and net earnings for the year rose 19% to $1.02 billion, compared with $856.9 million last year. Diluted net earnings per common share rose 20% to $2.58, compared with $2.16 in the prior year.
The fiscal 2013 full-year results included returns and charges associated with restructuring activities of $17.8 million ($11.7 million after tax), equal to $.03 per diluted common share. Additionally, during the fiscal year, the Company redeemed $230.1 million principal amount of its 7.75% Senior Notes due 2013.
As a result, the company recorded a pre-tax charge to earnings of $19.1 million ($12.2 million after tax), for the impact of the extinguishment of debt, equal to $.03 per diluted common share. The fiscal 2012 full-year results included returns and charges associated with restructuring activities of $63.2 million ($44.1 million after tax), equal to $.11 per diluted common share.
Excluding these returns and charges in fiscal 2013 and 2012, gross margin expanded 70 basis points, operating expenses improved 30 basis points and operating margin rose 100 basis points to 15.2%. Net earnings increased 16% to $1.04 billion, and diluted net earnings per common share rose 16% to $2.64, versus a comparable $2.27 in the prior-year period. A reconciliation between GAAP and non-GAAP financial measures is included in this release.
