L’Oreal shares are performing surprisingly well
L’Oreal’s shares showed a significant 5% increase on Friday, which is due to the company’s first quarter sales results, which exceeded market expectations. That growth reassured investors who had been worried about a possible slowdown in the United States, Reuters reported.
The strong performance was particularly significant given earlier concerns about a slowdown in the US market. L’Oreal shares hit that level at 07:45 GMT, the biggest gain since January 2023. At the same time, since the beginning of the year, the value of shares has decreased by 6% overall. The world’s largest beauty company, L’Oreal, reported a turnover increase of more than 12% in North America and Europe. The main drivers of growth were mass market products and dermatology offerings, which offset the decline in the luxury segment.
Analysts at Barclays called L’Oreal’s first-quarter results a “rock-solid quarter”, noting that while the company acknowledged the slowdown in the US market, it still positively surprised analysts with results in both the US and Europe.
The strong performance of L’Oreal’s stock has benefited not only the company, but other beauty companies as well. Estee Lauder’s shares also rose about 5%, while Coty rose 3%.
Related news
German Weleda invests in a start-up venture
Weleda AG, the global leader in the distribution of certified…
Read more >IBM, L’Oréal team up to advance AI-driven, sustainable cosmetic formulations
A custom AI model will be created to help L’Oréal…
Read more >Makeups and fragrances – new innovations in beauty care
This article is available for reading in Trade magazin 2024/12-01…
Read more >Related news
Márton Nagy: Retail turnover growth is currently in the 4-5 percent range
This year is the year of economic breakthrough, with growth…
Read more >Food industry sales prices rose by 6.1 percent
In February 2025, industrial producer prices exceeded those of the…
Read more >Real wages are rising, confidence is growing, retail sales are increasing
The dynamic increase in wages continued in January, Sándor Czomba,…
Read more >