News in brief. Estée Lauder Companies Inc. announced on the 20th January 2010 that financial results for its second quarter ended December 31, 2009, will exceed the Company’s previous expectations. Based on preliminary indications, the Company now expects reported net sales growth of between 10% and 11%. The higher-than-anticipated results stem from stronger internet sales, favourable product mix and the positive effect of continued cautious spending.
Estée Lauder owner of luxury male grooming brands such as Clinique Skin Supplies for Men and Lab Series are clearly benefitting from the blossoming online grooming market.