Estee Lauder 2007 Annual Report Download - page 40

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THE EST{E LAUDER COMPANIES INC. 39
YEAR ENDED JUNE 30 2007 2006 2005
(In millions)
NET SALES
By Region:
The Americas $3,560.9 $3,446.4 $3,351.1
Europe, the Middle East & Africa 2,493.4 2,147.7 2,109.1
Asia/Pacifi c 983.2 869.7 819.8
$7,037.5 $6,463.8 $6,280.0
By Product Category:
Skin Care $2,601.0 $2,400.8 $2,352.1
Makeup 2,712.7 2,504.2 2,366.8
Fragrance 1,308.6 1,213.3 1,260.6
Hair Care 377.1 318.7 273.9
Other 38.1 26.8 26.6
$7,037.5 $6,463.8 $6,280.0
OPERATING INCOME
By Region:
The Americas $ 336.4 $ 344.1 $ 366.2
Europe, the Middle East & Africa 321.4 297.5 305.3
Asia/Pacifi c 93.2 70.1 55.3
Special charges related to cost savings initiative* (1.1) (92.1) —
$ 749.9 $ 619.6 $ 726.8
By Product Category:
Skin Care $ 341.5 $ 346.4 $ 365.8
Makeup 339.3 329.4 301.1
Fragrance 28.1 7.7 35.8
Hair Care 42.5 26.5 22.8
Other (0.4) 1.7 1.3
Special charges related to cost savings initiative* (1.1) (92.1) —
$ 749.9 $ 619.6 $ 726.8
2007
$
3,560.9
2
,
493.4
9
83.2
$
7,037.5
$2
,
601.0
2,7
1
2.7
1
,308.6
3
77.1
38.
1
$
7,037.5
$
336.4
3
21.4
9
3.2
(
1.1
)
$
749.9
$
341.5
33
9
.3
2
8
.1
4
2
.5
(
0.4
)
(
1.1
)
$
749.9
The following table presents certain consolidated earnings data as a percentage of net sales:
YEAR ENDED JUNE 30 2007 2006 2005
Net sales 100.0% 100.0% 100.0%
Cost of sales 25.2 26.1 25.5
Gross profi t 74.8 73.9 74.5
Operating expenses:
Selling, general and administrative 64.1 62.9 62.9
Special charges related to cost savings initiative — 1.4 —
64.1 64.3 62.9
Operating income 10.7 9.6 11.6
Interest expense, net 0.6 0.4 0.2
Earnings before income taxes, minority interest and discontinued operations 10.1 9.2 11.4
Provision for income taxes 3.6 4.0 4.7
Minority interest, net of tax (0.1) (0.2) (0.2)
Net earnings from continuing operations 6.4 5.0 6.5
Discontinued operations, net of tax — (1.2) (0.1)
Net earnings 6.4% 3.8% 6.4%
200
7
100.0
%
2
5.
2
7
4.
8
6
4.1
—
64.
1
1
0
.7
0
.
6
1
0.
1
3.
6
(
0.1
)
6
.4
—
6.4
%
* Refer to the following discussion in “Fiscal 2006 as Compared with Fiscal 2005 — Operating Expenses” for further information regarding these charges.