雅诗兰黛2026财年二季度净销售额增长6%

Core Insights - Estée Lauder Companies reported a 6% increase in net sales for Q2 of fiscal year 2026, reaching $4.2 billion, with organic net sales growing by 4% [1] Financial Performance - Adjusted gross margin increased by 40 basis points from 76.1% to 76.5%, primarily due to the benefits from the Profit Recovery and Growth Plan (PRGP) [1] - Operating profit margin improved significantly to 9.5% from -14.5% year-over-year, with adjusted operating margin expanding by 290 basis points from 11.5% to 14.4% [1] Operational Efficiency - The benefits from the PRGP were attributed to enhanced operational efficiency, including competitive procurement strategies, cost optimization, and reduction of excess and slow-moving inventory [1] - Despite the normalization of employee incentive costs, the net benefits from the PRGP effectively reduced non-consumer-facing expenses and provided funding support for increased consumer-facing investments [1]