The Estee Lauder Companies Inc (NYSE:EL)
$ 129.49 -0.59 (-0.45%) Market Cap: 46.43 Bil Enterprise Value: 52.78 Bil PE Ratio: 72.75 PB Ratio: 8.08 GF Score: 89/100
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Q3 2019 Estee Lauder Companies Inc Earnings Call Transcript

May 01, 2019 / 01:30PM GMT
Release Date Price: $170.3 (-0.88%)
Operator

Good day, everyone, and welcome to the Estée Lauder Companies Fiscal 2019 Third Quarter Conference Call. Today's call is being recorded and webcast.

For opening remarks and introduction, I would like to turn the call over to the Senior Vice President of Investor Relations, Ms. Rainey Mancini.

Laraine A. Mancini;e Lauder Companies Inc.;SVP of IR
The EstÃ

©-

Good morning. On today's call are Fabrizio Freda, President and Chief Executive Officer; and Tracey Travis, Executive Vice President and Chief Financial Officer. Since many of our remarks today contain forward-looking statements, let me refer you to our press release and our reports filed with the SEC where you'll find factors that could cause the actual results to differ materially from those forward-looking statements.

To facilitate the discussion of our underlying business, the commentary on our financial results and expectations is before restructuring and other charges; the net gain on liquidation of an investment in a foreign subsidiary; goodwill and

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