The Estée Lauder Companies Inc. (EL) CEO Fabrizio Freda on Q4 2020 Results - Earnings Call Transcript

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The Estée Lauder Companies Inc. (NYSE:EL) Q4 2020 Earnings Conference Call August 20, 2020 9:30 AM ET

Company Participants

Rainey Mancini - Senior Vice President of Investor Relations

Fabrizio Freda - President and Chief Executive Officer

Tracey Travis - Executive Vice President and Chief Financial Officer

Conference Call Participants

Erinn Murphy - Piper Sandler

Lauren Lieberman - Barclays

Nik Modi - RBC Capital Markets

Mark Astrachan - Stifel

Wendy Nicholson - Citi

Steve Powers - Deutsche Bank

Rupesh Parikh - Oppenheimer

Steph Wissink - Jefferies

Michael Binetti - Credit Suisse

Andrea Teixeira - JPMorgan

Olivia Tong - Bank of America


Good day, everyone, and welcome to The Estée Lauder Company's Fiscal 2020 Fourth Quarter and Full Year Conference Call. Today's call is being recorded and webcast.

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

Rainey Mancini

Hello. 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 other reports filed with the SEC, where you'll 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 and adjustments disclosed in our press release. All net sales growth numbers are in constant currency. You can find reconciliations between GAAP and non-GAAP figures in our press release and on the Investors section of our Web site. For clarity, I would like to remind you that references to online sales include sales of our products from our online channel, including and third party platforms, as well as estimated

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