Estée Lauder(US:EL) Zheng Quan Shi Bao Wang·2025-08-21 01:08Group 1 - The core viewpoint of the articles indicates that Estée Lauder's financial performance for fiscal year 2025 showed a decline in net sales and significant losses, but there are expectations for recovery in fiscal year 2026 [1][2] Group 2 - For fiscal year 2025, the company reported net sales of $14.326 billion, an 8% decrease from $15.608 billion in fiscal year 2024 [1] - The gross margin improved from 71.7% to 74.0%, driven by the Profit Recovery and Growth Plan (PRGP), operational efficiency improvements, and strategic pricing actions [1] - The company recorded an operating loss of $785 million compared to an operating profit of $970 million in the previous fiscal year, primarily due to increased impairment charges and restructuring costs [1] - Adjusted operating profit was $1.146 billion, a 28% decline year-over-year [1] - The diluted net loss per share was $3.15, down from earnings of $1.08 per share in the previous fiscal year, while adjusted diluted earnings per share were $1.51, a 42% decrease from $2.59 [1] - Net cash flow from operating activities decreased from $2.36 billion to $1.27 billion [1] Group 3 - The company expressed confidence in restoring positive sales growth and improving operating margins for fiscal year 2026, with expected net sales growth of 2% to 5% and organic net sales growth of 0% to 3% [2] - Adjusted diluted earnings per share are projected to be between $1.90 and $2.10, representing a year-over-year increase of 26% to 39% [2] - The mainland China market is expected to recover with mid-single-digit growth, and global travel retail is anticipated to see moderate growth [2] - The company expects that the tariffs already imposed will negatively impact profitability by approximately $100 million in fiscal year 2026 [2]