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The Estée Lauder Companies Inc (EL) CEO Fabrizio Freda on Q3 2022 Results - Earnings Call Transcript

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The Estée Lauder Companies Inc (NYSE:EL) Q3 2022 Earnings Conference Call May 3, 2022 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

Lauren Lieberman - Barclays

Steve Powers - Deutsche Bank

Nik Modi - RBC Capital

Dara Mohsenian - Morgan Stanley

Andrea Teixeira - J.P. Morgan

Bryan Spillane - Bank of America

Korinne Wolfmeyer - Piper Sandler

Dana Telsey - Telsey Advisory Group


Good day, everyone, and welcome to the Estée Lauder Company's Fiscal 2022 Third Quarter Conference Call. Today's call is being recorded and webcast. For opening remarks and introductions, I would like to turn the call over to 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 our 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. Unless otherwise stated, all net sales growth numbers are in constant currency, and all organic net sales growth excludes the noncomparable impacts of acquisitions, divestitures, brand closures and the impact of currency translation. You can find reconciliations between GAAP and non-GAAP measures in our press release and on the Investors section of our website. As a reminder, references to online sales include sales we make directly to our consumers through our brand.com sites and through third-party platforms. It also includes

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