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Good day, everyone, and welcome to Estee Lauder Companies' Fiscal 2014 Third Quarter Conference Call. Today's call is being recorded and webcast.
Millennial cosmetics IPO offers potentially beautiful returns
After an upbeat outlook at its analyst day in March, Estee Lauder's EL third-quarter results came as a bit of a surprise. While sales in the quarter increased by 7.1% to $1.58 billion, including a positive 2% boost from foreign exchange, operating profit margins declined 130 basis points when ...
Estee Lauder EL delivered blockbuster second-quarter results Wednesday, the strongest performance we've seen from the firm in more than two years. We'd like to believe the company is indeed turning the corner on a prolonged period of lackluster performance, but one quarter does not a turnaround ...
It hasn't been a pretty situation in the beauty care aisle for some time, and Elizabeth Arden RDEN has seen sales suffer in its mass-market and department-store channels. The firm's fourth-quarter results were a bit below our expectations, but we are sticking with our $24 fair value estimate for ...
We see continued margin pressures, emerging-market opportunities, spin-off acquisition targets, plus some pockets of value in the sector.