Estee Lauder Chalks Up Slow Start to the Year; Sales and Profits Tepid; Shares Modestly Undervalued
Narrow-moat Estee Lauder posted lackluster first-quarter results that included just 2% underlying sales growth, as well as a 30-basis-point contraction in adjusted gross and operating margins to 79.3% and 15.7%, respectively. While the firm continues to be plagued by an onslaught of both near-term and structural challenges (such as an uncertain macroeconomic environment and weak department store traffic), we had already accounted for these headwinds in our outlook and ultimately believe it will ...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.
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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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