L'Oreal reports six percent jump in fourth quarter sales as Western demand offsets weakness in Asia
L'Oreal reported 11.3 billion euros in Q4 sales as Western demand offset weak Asian growth. Strong US performance helped the group navigate a slow Chinese market.
Insights:
L'Oreal announced today that its fourth-quarter sales rose 6% on a like-for-like basis to €11.3 billion for the three months to end-December. While the beauty group saw significant growth, the result fell short of the 6.3% analysts' consensus compiled by Visible Alpha. This performance highlights a meaningful regional divergence that is material to the company's year-end performance and how it compares with its peers in the global market.
