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Estée Lauder to pay $1-billion for controlling stake in Toronto skin care company Deciem Beauty Group
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Boston Beer Inc (SAM) Q4 2020 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble.
Boston Beer Inc (NYSE: SAM)
Q4 2020 Earnings Call
Operator
Greetings and welcome to the Boston Beer Company s Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to your host, Mr. Jim Koch, Founder and Chairman. Thank you. You may begin.
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company s SEC filings. Please see our
Operator
Good day, everyone, and welcome to the Estee Lauder Companies fiscal 2021 second-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 the senior vice president of investor relations, Ms. Rainey Mancini.
Rainey Mancini
Senior Vice President of Investor Relations
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.
SKU rationalization, promo suspension trigger unexpected consequences, shift power balance Decisions made during the early days of the pandemic to ease supply chain pressure likely will have unintended consequences for product development, retail shelf space negotiations, and marketing strategies long after the coronavirus vaccine is broadly available and consumer demand levels out, according to industry and market analysts.
Notably, two of the earliest changes adopted as temporary – SKU rationalization and promotion suspension – might actually have the most enduring and broad impact, argues Nik Modi, managing director, beverages, tobacco and household personal care, RBC Capital Markets.
He explained during an IRI webinar Dec. 14 that when the pandemic hit in March, many manufacturers scaled back on their assortment to focus production and shelf space on their top selling products in an effort to avoid out-of-stocks and to ease consumer panic about
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