Continued brand investments should ensure Estee Lauder withstands intense competitive pressures.
While tepid traffic in U.S. department stores continued to hamper Estee Lauder on its home turf (nearly 40% of sales, up just 1% in the quarter), the firm chalked up gains across its other geographic regions to post 5% underlying total sales growth. This performance in the all-important second fiscal quarter, which has historically accounted for around one third of annual sales and operating profit, is even more impressive given it came on top of a solid quarter last year, when sales jumped 8%. ...Estee Lauder Companies is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The company's products are sold under a number of brand names including: Estee Lauder, Clinique, Origins, MzAzC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. The company is also the global licensee for fragrances, cosmetics and/or related products sold under various designer brand names. The company's products include skin care, makeup and related items such as compacts, brushes and other makeup tools, fragrance sold in various forms, hair care, and other ancillary products and services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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