Q4 2019 Estee Lauder Companies Inc Earnings Call Transcript
Good day, everyone, and welcome to The Estée Lauder Company's Fiscal 2019 Fourth Quarter and Full Year Conference Call. Today's call is being recorded and being webcast. For opening remarks and introductions, I would like to turn the call over to the Senior Vice President, President of Investor Relations, Ms. Rainey Mancini.
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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 will find factors that could cause actual results to differ materially from these 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
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