Estee Lauder’s Focus on Innovation Across Its Brand Set Should Bolster Its Top-Line Trajectory
Wide-moat Estee Lauder's continued momentum in Asia-Pacific, which contributes about a fourth of sales, was the highlight of third-quarter results, with a 25% increase in sales in this segment (on top of 38% growth in the prior-year period) driving consolidated revenue growth of 11%. Moreover, this top-line strength enhanced operating leverage, with operating margin in the Asia-Pacific segment expanding 210 basis points to more than 25%. The Europe, Middle East, and Africa segment (43% of sales)...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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