Estée Lauder Companies Provides Investor Outlook Through Fiscal 2010
NEW YORK - The Estée Lauder Companies Inc. (NYSE: EL) will host an Analyst and Investor Day to discuss the Company’s current business and recent progress, key growth opportunities, and the outlook for the next three fiscal years.
William P. Lauder, President and Chief Executive Officer, said, “Since our last Analyst and Investor Day in 2002, we have delivered solid overall performance, strengthened our business, and maintained our position as a leading global prestige beauty company. We’ve sustained our track record of steady sales growth and continued to build some of the strongest global brands in the industry. Our management team has focused on creating a more disciplined and efficient organization and we are making significant strides in improving sourcing, streamlining our infrastructure, and implementing systems to drive efficiencies across the business.
“As a result, we are delivering strong sales growth and realizing cost improvements. We also exceeded our five-year goal for return on invested capital (ROIC) a year earlier than planned. Further, we have created significant stockholder value through strong overall performance, aggressive share repurchases, and increased dividends.”
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