Estee Lauder Companies Inc at Barclays Global Consumer Staples Conference Transcript
So just a few weeks ago, Estée Lauder reported fiscal 2019 results, which rounds out a decade of standout performance. Over this time, Estée Lauder has transformed its business into one which can boast strength across its brands, channels and geographies and categories. After a decade of net reinvestment, the company is now seeing better leverage on its sales growth, which has translated into a more balanced earnings algorithm going forward.
I'm pleased to welcome the company's CFO, Tracey Travis, with us again this year. And we're going to be doing fireside chat, obviously. So please be ready with questions if I run out, which is doubtful, but just in case.
Questions & Answers
So Tracey, first, I just wanted to start off talking about the strong financial performance that you've just reported. Maybe looking back, what was sort of the most surprising
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