9月26日，WWD报道称，雅诗兰黛目前已基本上搭建完成新的高管团队，同时也对外公布2025财年(2024年7月-2025年6月)的薪酬方案，其中包括基本工 资、养老金、股票期权、奖金以及其他福利。 同时，据雅诗兰黛向美国证券交易委员会提交的文件显示，在企业经历内部重组之后，雅诗兰黛管理层整体的年度目标薪酬支出下滑28%。 其中，前总裁兼首席执行官傅懿德薪酬进一步缩水，跌幅高达73%，而同一岗位的现任比前任薪水下滑幅度在50%上下，且执行副总裁、首席品牌官Jane Hertzmark Hudis的工资也较前一财年减少了5.56%。 △图源：WWD报道 而以上薪酬方案的背后，透露出一大信号，在业绩持续低迷、股价下跌等影响下，雅诗兰高管的整体工资缩水。 -73%，美妆打工皇帝薪酬进一步缩水 Stephane de La Faverie 兼首席执行官 0.68 亿元 额,包含股票期权(其 实际价值可能因股价波 动和归属计划元法完全 s En ) Akhil 执行副局裁 兼首席财务官 0.26 亿元 2024年7月晋升至该职 位, 接替 Tracey T. Travis Tracey T. Travis 文件显示，雅诗 ...

Core Viewpoint - Estée Lauder is facing significant challenges in its recovery path, with a decline in net sales and operating income amid economic downturns and geopolitical factors [1][3]. Financial Performance - For the fiscal year 2025, Estée Lauder reported a net sales decline of 8% year-over-year, totaling $14.33 billion (approximately ¥1028.01 billion) [1][2]. - The company's gross profit decreased by 5% to $10.60 billion, with a gross margin of 74.0% [2]. - Operating income turned into a loss of $785 million, marking a significant decline from a profit of $970 million in the previous year [2][6]. - The diluted net loss per share was $3.15, compared to earnings of $1.08 per share in the prior year [2]. Business Segment Performance - The only category to show growth was the fragrance segment, which remained flat with a slight increase, while skincare, makeup, and hair care categories experienced declines of 12%, 6%, and 10% respectively [4][6]. - The skincare segment's decline was attributed to decreased sales of brands like Estée Lauder and La Mer, alongside a drop in Asian travel retail sales [7][11]. - The makeup segment's downturn was primarily due to poor performance from brands like M·A·C and Too Faced [7][8]. Regional Performance - All regions reported declines in net sales, with the EMEA region experiencing the largest drop of 12%, followed by Asia/Pacific at 7% and the Americas at 4% [10][11]. - In mainland China, net sales fell by 6%, influenced by a challenging retail environment and low consumer sentiment [11][14]. Strategic Initiatives - Estée Lauder is undergoing a restructuring plan (PRGP) aimed at restoring profitability, which has already led to over 3,200 job cuts, with projections of total cuts reaching between 5,800 to 7,000 positions [19][22]. - The company anticipates that the restructuring will incur pre-tax costs between $1.6 billion to $3.3 billion [19]. Future Outlook - Despite current challenges, Estée Lauder's management expressed confidence in achieving organic sales growth in fiscal year 2026 and aims to rebuild operational profitability [3][22]. - The company plans to report its financials based on a new geographical structure starting Q1 of fiscal year 2026, which will include China as a separate reporting region [11][19].