Estee Lauder Continues to Grow at Double-Digit Clip in Asia in 1Q; Shares Moving Toward FVE
Wide-moat Estee Lauder began its first quarter on solid footing, with net sales up 9% in constant currency and operating margin expanding 110 basis points to 18.5%. From a geographic perspective, the Asia-Pacific region (24% of sales) continued to grow at a rapid clip, with sales in the region up 26% in constant currency (and lapping a 17% increase in the prior year period) and improved overhead cost leverage, as well as improved channel mix, driving about 100 basis points of segment operating m...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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