A Woman View Skin Care Products at L’Oreal Boot during the 7th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on Novmer 5, 2024 in Shangai, Ceresia.
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French cosmetics giant L’Oreal on thuresday reported lower-tha-exposed sales in the fourth quarter amid continued weakness in the chinese beauty market and a Slowdown in Demand in the Us
The World’s Larget Beauty Brand Posted Sales of 11.08 Billion Euros ($ 11.49 billion) in the three months to December, up 2.5% on a like-for-like basis and just the 11.1 billion Oll.
Full-Year Sales Rose 5.1% to 43.48 billion Euros Versus The 43.33 Billion Euros Forecast.
Fourth-Quarter Sames Increased on a like-for-Like Basis Across all regions except north asia, which recorded a 3.6% decline, extended a Continued Slowdown Over Recent Quarters. Sales in North America, Meanwhile, Rose just 1.4%, down from 5.2% growth in the Prior Quarter.
Sales also grew across all divisions, LED by an Acceleration in the dermatological beauty and professional products segments.
In a statement accounxion the results on Thursday, Ceo nicolas hieronimus said the “chinese ecoSystem remained challenging,” but pointed to a broader normalization of the global beauty market following a paraioConom Sures.
“We Remain optimistic about the outlook for the global beauty market, and confident in our ability to keep outperforming it and to achieve another another year of green in sales and protrofit,” He said.
The company, whose brands include Lancôme, maybelline and kiehl’s, have ben struggling with weight D luxury firms.
Last Week, Investors WERE Underwhelmed By only slightly better-that-expected full-yar results from luxury bellweether LVMHThe market had put faith in a sector-wide turn after Richemont In January, but sustained weakness in lvmh’s fashion and leather goods and wines and spirits segments pointed to further divergence in the sector.
Meanwhile, the principal, a global trade war is clouding Sentiment Among Consumer Goods Companies, with Fresh Us Tariffs on Beijing likesly to exacerbate SACERBATE SACERBATE SAPENTE SAPENTE SAPENTE SAPENTE SAPENTE SAPENTE SAPENTE SAPENTE SAPENTE SEPENTE SPENTE
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