L'Oreal Reports Sales Acceleration Helped by Improvement in Key Markets
By Andrea Figueras
French beauty giant L'Oreal posted better sales growth trends despite a difficult landscape for beauty groups and noted that it made an improvement in both the U.S. and China.
The cosmetics group--which owns brands including Kerastase, CeraVe and Maybelline New York--logged sales of 10.33 billion euros ($12.03 billion) for the third quarter, 4.2% higher than in the same period last year on a like-for-like basis. The growth rate showed an acceleration compared with the prior quarter, when the group recorded a 2.4% increase in sales, excluding currency fluctuations.
"Progress was broad-based," Chief Executive Nicolas Hieronimus said, adding that the recovery in its two largest markets, the U.S. and China, continued.
Despite the uptick in sales growth, the overall result fell short of analysts' estimates, which anticipated quarterly sales of 10.45 billion euros, according to a Visible Alpha poll of estimates.
"As we head into the last quarter of the year, I am confident that we will continue to outperform the global beauty market," the CEO said. The group continues to target another year of sales growth and an increase in profitability.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
October 21, 2025 12:38 ET (16:38 GMT)
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