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雅诗兰黛Estee Lauder(EL)2026财年第二季度财报(10-Q)「NYSE」(英文版)(74页).pdf

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1、Table of ContentsUNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington,D.C.20549_FORM 10-Q(Mark One)QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended December 31,2025orTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECUR

2、ITIES EXCHANGE ACT OF 1934For the transition period from toCommission file number 1-14064The Este Lauder Companies Inc.(Exact name of registrant as specified in its charter)Delaware11-2408943(State or other jurisdiction ofincorporation or organization)(I.R.S.Employer Identification No.)767 Fifth Ave

3、nue,New York,New York10153(Address of principal executive offices)(Zip Code)212-572-4200(Registrants telephone number,including area code)Not Applicable(Former name,former address and former fiscal year,if changed since last report)Securities registered pursuant to Section 12(b)of the Act:Title of e

4、ach classTrading Symbol(s)Name of each exchange on which registeredClass A Common Stock,$.01 par valueELNew York Stock ExchangeIndicate by check mark whether the registrant(1)has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 during the preceding

5、12months(or for such shorter period that the registrant was required to file such reports),and(2)has been subject to such filing requirements for the past 90 days.Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pu

6、rsuant to Rule 405 of Regulation S-T(232.405 of this chapter)during the preceding 12 months(or for such shorter period that the registrant was required to submit such files).Yes No Indicate by check mark whether the registrant is a large accelerated filer,an accelerated filer,a non-accelerated filer

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1. **财务表现**:2025财年前三季度净销售额42.29亿美元(同比+5.6%),净利润1.62亿美元(2024年同期亏损5.9亿美元);上半年净销售额77.1亿美元,净利润2.09亿美元(2024年同期亏损7.46亿美元)。 2. **重组计划**:启动"利润复苏与增长计划",预计全球裁员5,800-7,000人(占2023年员工数9%-11%),重组费用总额12-16亿美元(已确认12.49亿美元)。 3. **资产减值**:2024年第四季度因TOM FORD和Too Faced品牌表现不佳,计提商誉及商标减值8.61亿美元(TOM FORD商标减7.73亿美元)。 4. **税务影响**:2025年"一揽子美丽法案"导致税率上升,前三季度所得税费用1.71亿美元(税率51.4%)。 5. **现金流**:上半年经营现金流7.85亿美元,资本支出2.04亿美元,回购股票及分红现金流出3.19亿美元。
**税改影响几何?** **品牌减值多少?** **重组计划进展?**
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