LOreal Q3 Sales Beat Forecasts
French cosmetics maker LOreal reported third-quarter sales that beat analyst forecasts, boosted by strong demand for luxury perfumes and skincare in China and emerging markets. Adjusted sales rose 7.7% to 11.56 billion euros, supported by resilient global beauty spending.
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Insights:
Xurve View
L'OREAL posted third-quarter sales of €11.56 billion ($12.95 billion), rising 7.7% on an adjusted like-for-like basis and beating forecasts. The luxury beauty market proved resilient, driven by robust demand for fragrances and skincare products. The revenue beat highlights continued consumer appetite for affordable luxury goods despite a sluggish retail sector.
