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UNAUDITED QUARTERLY FINANCIAL DATA
 12 Months Ended
Jun. 30, 2015
UNAUDITED QUARTERLY FINANCIAL DATA  
UNAUDITED QUARTERLY FINANCIAL DATA

 

NOTE 21 — UNAUDITED QUARTERLY FINANCIAL DATA

 

The following summarizes the unaudited quarterly operating results of the Company for fiscal 2015 and 2014:

 

 

 

Quarter Ended

 

 

 

(In millions, except per share data)

 

September 30

 

December 31

 

March 31

 

June 30

 

Total Year

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2015

 

 

 

 

 

 

 

 

 

 

 

Net Sales (1)

 

$
2,631.0 

 

$
3,044.5 

 

$
2,580.5 

 

$
2,524.4 

 

$
10,780.4 

 

Gross Profit

 
2,094.4 

 
2,471.4 

 
2,077.6 

 
2,036.4 

 
8,679.8 

 

Operating Income (1) (2)

 
348.0 

 
632.8 

 
397.2 

 
228.3 

 
1,606.3 

 

Net Earnings Attributable to The Estée Lauder Companies Inc.

 
228.1 

 
435.7 

 
272.1 

 
153.0 

 
1,088.9 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to The Estée Lauder Companies Inc. per common share:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

.60

 
1.15 

 

.72

 

.41

 
2.87 

 

Diluted

 

.59

 
1.13 

 

.71

 

.40

 
2.82 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2014

 

 

 

 

 

 

 

 

 

 

 

Net Sales(1) 

 

$
2,675.0 

 

$
3,018.7 

 

$
2,549.8 

 

$
2,725.3 

 

$
10,968.8 

 

Gross Profit

 
2,130.9 

 
2,437.1 

 
2,051.1 

 
2,191.5 

 
8,810.6 

 

Operating Income (1) (2)

 
449.5 

 
656.3 

 
341.6 

 
380.2 

 
1,827.6 

 

Net Earnings Attributable to The Estée Lauder Companies Inc.

 
300.7 

 
432.5 

 
213.2 

 
257.7 

 
1,204.1 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to The Estée Lauder Companies Inc. per common share:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

.78

 
1.11 

 

.55

 

.67

 
3.12 

 

Diluted

 

.76

 
1.09 

 

.54

 

.66

 
3.06 

 

 

 

(1)

As a result of the Company’s July 2014 SMI rollout, approximately $178 million of accelerated orders were recorded as net sales (approximately $127 million as operating income or $.21 per diluted common share) in the fiscal 2014 fourth quarter that would have occurred in the fiscal 2015 first quarter.

 

(2)

Fiscal 2015 third quarter results include a charge related to the remeasurement of net monetary assets in Venezuela of $(5.3) million, before and after tax, or $(.01) per diluted common share.  Fiscal 2014 third quarter results include a charge related to the remeasurement of net monetary assets in Venezuela of $(38.3) million, before and after tax, or $(.10) per diluted common share.