Estee Lauder Companies Inc (EL) Q2 2020 Earnings Call Transcript

Estee Lauder Companies Inc (EL) Q2 2020 Earnings Call Transcript

On today's call are Fabrizio Freda, President and Chief Executive Officer and Tracey Travis, Executive Vice President and Chief Financial Officer.. Our successful strategy based on multiple engines of growth once again helps fuel our performance as we grew in all regions and all major categories.. Skin care rose in every region as did fragrance and hair care while makeup grew internationally.. The company generated 16% constant currency sales growth, the highest organic growth rate in 20 years in the seasonally largest quarter of our fiscal year, allowing us to gain significant share in global prestige beauty.. Our advanced planning for these events delivered strong growth across our business led by Asia-Pacific region, the global online and travel retail channels, and the skincare and fragrance categories powered by the extraordinary performance of Estee Lauder, La Mer and our luxury and our seasonal fragrance brands.. I met with our local employees, talked to consumers of all ages and conferred it with our business partners.. Chinese consumers in many big cities are staying home and retailers are closing stores or limiting hours in an effort to help contain the spread of the virus.. We remain committed to China and to the Chinese