Estee Lauder’s Skin Care Segment Drives Striking Top-Line Gains in 3Q, but Shares Aren’t a Bargain
Wide-moat Estee Lauder’s third-quarter results came in ahead of our expectations, as strong consumer demand in Asia continued to accelerate the firm’s top-line growth. Net sales grew 18% (ahead of our 13% outlook for the year) and gross margin expanded 40 basis points to 79.7% (in line with our expectation). While we expect to raise our near-term sales assumptions (particularly in the skin care segment, where above 20% sales growth year to date is outpacing our low-teens expectation for the year...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.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.