L'Oréal S.A. (LRLCY)
- Reuters
STOXX 600 hits one-month low on geopolitical woes; L'Oreal shines
(Reuters) -European stocks dropped to their lowest levels in more than one month on Friday after a ramp-up in the Middle East conflict spooked investors, while L'Oreal's shares rose as the French cosmetic giant's quarterly sales trounced estimates. The continent-wide STOXX 600 was down 0.7%, as of 0837 GMT with most sectors in the red. Indexes across major European economies such as Germany, France, Italy and Spain dropped between 0.7% and 1.2%.
- Reuters
L'Oreal shares shine after sales beat expectations
PARIS (Reuters) -Shares in L'Oreal rose 5% on Friday after the French cosmetics giant beat expectations with a strong rise in first quarter sales, allaying concerns about a slowdown in the United States. L'Oreal shares were up 5.0% at 0745 GMT, the biggest gain since January 2023. While L'Oreal acknowledged a slowdown in the United States, it "comfortably surprised to the upside," both in the U.S. and Europe, they said.
- Reuters
L'Oreal sales rise 9.4% as mass market makeup outshines luxury
PARIS (Reuters) -L'Oreal reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets the United States and China. The sales growth exceeded a consensus of a 6.1% rise cited by analysts at Jefferies. Sales were up 8.3% on a reported basis.
