Estee Lauder 2015 Annual Report Download - page 120

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THE EST{E LAUDER COMPANIES INC. 117
NOTE 21
—
UNAUDITED QUARTERLY FINANCIAL DATA
The following summarizes the unaudited quarterly operating results of the Company for fiscal 2015 and 2014:
Quarter Ended
September 30 December 31 March 31 June 30 Total Year
(In millions, except per share data)
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.