L'Oreal SA

OR: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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L'Oréal Earnings: Record Operating Margin as Growth Momentum Holds With Signs of Recovery in China

Diana Radu , Svetlana Menshchikova

Jul 30, 2026

L'Oréal posted 6% like-for-like sales growth in the second quarter, extending the strong momentum. Growth was broad-based, led by double-digit gains in dermatological beauty and strength in North Asia. First-half operating margin reached a record level. Shares rose 3% in early trading on July 30.

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L'Oreal SA

L'Oréal Earnings: Record Operating Margin as Growth Momentum Holds With Signs of Recovery in China

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