L'Oreal sales up despite muted recovery in China

Explore stories from Atlantic Canada.

SaltWire's Atlantic regional weather forecast for October 19, 2023 | SaltWirePARIS - Third quarter sales at L'Oreal rose 11.1%, led by growth in Europe and the United States but missing expectations for a strong rebound in China.

The Paris-based group, which owns labels ranging from Maybelline to Lancome, said on Thursday that sales for the three months to the end of September came to 10 billion euros, an 11.1% rise on a like-for-like basis at comparable scope and constant exchange rates, just below expectations for an 11.5% rise, according to consensus estimates cited by Barclays.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Charlottetown business owner says he feels discriminated against over police actionsExplore stories from Atlantic Canada.
Read more »

N.L. has Canada's lowest-cost of living: studyExplore stories from Atlantic Canada.
Read more »

LETTERS: P.E.I. readers on the Middle East and topics closer to homeExplore stories from Atlantic Canada.
Read more »

ANDY WALKER: Sign has no place in Island societyExplore stories from Atlantic Canada.
Read more »

Pfizer wins unconditional EU antitrust okay for $43 billion Seagen buyExplore stories from Atlantic Canada.
Read more »

Annapolis Valley vegetable farm that sold product throughout the region sold; will be converted to dairy operationExplore stories from Atlantic Canada.
Read more »