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Net sales for the first quarter of fiscal 2010 were $1.83 billion, a 3.7% decrease, compared to $1.9 billion for the corresponding period of fiscal 2009.
Operating income for the first quarter of fiscal 2010 was $220.4 million, compared to $92.5 million for the first quarter of fiscal 2009.
Fabrizio Freda, president and CEO of Estee Lauder, said: "Our strong performance this quarter is an encouraging start to our fiscal year and to achieving our long-term strategy and financial goals. We capitalized on our solid pipeline of innovative products, initial improvements in certain areas of our business and increased cost discipline, which led to a significant improvement in operating margin. We believe we gained share globally in much of our distribution this quarter."
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