L'Oreal's Q4 earnings report shows a 6.9% rise in sales, lower than expected, with North Asia sales down 6.2%. The company faced challenges in China, impacting both mass and luxe shipments. Despite a strong overall sales year, L'Oreal's struggles mirrored those of Estee Lauder, causing concerns for investors.
L'Oreal became leader in premium beauty in 2023 on Estee woes & Aesop deal. But real takeaway is just how profitable $LCLRF is. And therefore, how much potential there is for profitability to improve at Shiseido, $EL & $LVMUY. https://t.co/BZASQcJWYn
L'Oreal behind Estee Lauder in addressing Hainan, with more pain to come in H1, as it acknowledged issues much later. Zero sell-in to channel was hard for many to believe given $LRLCF didn't seem to be suffering, leading them to conclude $EL was broken. $LVMUY https://t.co/K782GTIngZ
Despite China hiccup, L'Oreal results show beauty remains among top prospects in consumer land. Solid volume + impressive strength across developed & emerging markets. Despite trouble in China, main engine of past growth. $LRCLY $EL $UN $PG $ULTA $LVMUY https://t.co/xThL5Cpk7r
L'Oreal shares fell after the French cosmetics giant missed sales expectations, reflecting a disappointing sales in Asia. More here: https://t.co/ePPQkKbcTR https://t.co/p1IsfF4ESn
L'Oreal shares fell after the French cosmetics giant missed sales expectations, reflecting a disappointing sales in Asia https://t.co/lncvXrPXtg https://t.co/lkRQUsky1t
Shares of French cosmetic giant L'Oreal fell after the company reported fourth quarter sales growth fell short of market expectations, reflecting a disappointing performance in Asia. More here: https://t.co/ePPQkKbcTR https://t.co/U28t2uAJvZ
Shares of French cosmetic giant L'Oreal fell after the company reported fourth quarter sales growth fell short of market expectations, reflecting a disappointing performance in Asia https://t.co/lncvXrPpDI https://t.co/4E3ZWOFT9g
L'Oreal shares fell as investors were spooked after the company reported fourth quarter sales growth fell short of market expectations. More here: https://t.co/ePPQkKbcTR https://t.co/Fl2lWt7KVd
L'Oreal shares fell as investors were spooked after the company reported fourth quarter sales growth fell short of market expectations https://t.co/lncvXrPXtg https://t.co/bM2hGkVSLa
Rare stumble has investors wondering if L’Oréal still worth it https://t.co/zQDLtzdDZj | opinion
L'Oreal shares fell after the French cosmetics company missed sales expectations, hurt by a disappointing performance in Asia at the end of the year. More here: https://t.co/ePPQkKbKJp https://t.co/xNZweoH1Ev
L'Oreal shares fell after the French cosmetics company missed sales expectations, hurt by a disappointing performance in Asia at the end of the year https://t.co/lncvXrPXtg https://t.co/hEoVh2N25y
From Breakingviews - Breakingviews - L’Oréal is best-equipped to navigate China risk https://t.co/v7NROTyTal https://t.co/v7NROTyTal
L'Oreal shares down 7% on lower-than-expected sales, slowdown in Asia https://t.co/zaWLdG1dXW
L’Oreal sales disappointed as the owner of Lancome struggled in the region that includes China https://t.co/8XtQ3PMlGn
Loreal $LRLCY misses 😢 on comp sales as Asia underwhelms -6.2% vs est +7.3% https://t.co/KsBRelhzRJ
This shouldn't take away from banner year at L'Oreal with sales +11%. And for a big group like $LRLCY, lower mass & luxe shipments in China are manageable. But clearly Estee problems were not unique & for $EL much harder to disguise. https://t.co/5HKPvLjWfu
L'Oreal didn't acknowledge Hainan issues until Q3. Issues plaguing Estee over past year are now showing up. Wrong conclusion: this is bad for everyone. $EL has been suffering this for a while - $LRLCY now facing the same as it stops shipments to duty free. https://t.co/5HKPvLjWfu
Uncharacteristic miss from L'Oreal. Sales +7% vs street at 9%, slowing 400bp from +11% in prior Q, driven by both luxe & mass (slowing 600bp to 7.7%). Look closely & beauty remains strong worldwide but this miss is all about China. $EL $LRLCY $PG $UN $ULTA $XLP https://t.co/huwZiox0B6
⚠️ L'OREAL Q4 SALES UP 6.9% DESPITE DECLINE IN NORTH ASIA (Reuters) Cosmetics group L’Oreal reported a 6.9% rise in fourth quarter sales, slower growth than in the previous quarter, as its travel retail business continued to feel the pinch from changes in regulations of daigou… https://t.co/TgQbMusvCX
L’Oreal Q4 23 Earnings: - Rev EU10.61B (est EU10.9B) - Like-For-Like Sales +6.9% (est +9.56%) - North Asia Comp Sales -6.2% (est +7.29%)