Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Estee Lauder
So what: Despite overall retail weakness in the second quarter, luxury purveyors seemed to buck the overall trend. The cosmetics king beat estimates on the top and bottom lines, posting a 9% sales increase and 25% improvement in net income. Management cited strong growth in the U.S. and China, as well as travel retail, and said sales grew twice as fast as the overall industry's, which they attributed to "innovative products, marketing prowess, and personalized services."
Now what: Along with Michael Kors
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