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More on Estee Lauder's (EL) FQ2: The company realized consistent growth across regions, led by a...

More on Estee Lauder's (EL) FQ2: The company realized consistent growth across regions, led by a 11% rise in Asia/Pacific. A surge of orders in advance of the implementation of SAP at certain locations pulled sales forward into the quarter. Operating margins rose 50 bps during the period as the impact of cost initiatives was felt. Sales growth of 3% to 4% for FQ3 is forecast. EL +1.6% premarket. (PR)
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