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October 1, 2002
By: TOM BRANNA
The Estee Lauder Companies Inc., New York, NY, today reaffirmed expectations for sales growth and earnings per share for its first fiscal quarter ending September 30, 2002.Net sales for the period are expected to rise approximately 2% on a constant currency basis. The positive effect of exchange rates is expected to increase reported sales growth for the quarter by approximately 1 to 2 percentage points. The Company said its estimate for earnings per share for the fiscal first quarter remains between $.25 and $.28.
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