Tags: loreal earnings

L'Oreal Posts Brisk Sales Despite China Disruptions

L'Oreal Posts Brisk Sales Despite China Disruptions
L'Oreal headquarters in Clichy, France (Getty Images)

Thursday, 20 October 2022 12:19 PM EDT

Cosmetics group L'Oreal posted robust sales growth over the third quarter, lifted by brisk demand in Europe and the United States, which helped offset disruptions in China due to COVID-19 restrictions.

Nicolas Hieronimus, chief executive officer of L'Oreal, said all markets progressed in the period, although lockdowns weighed heavily on the company's largest division , L'Oreal Luxe, in the key Chinese market.

L'Oreal, the group behind Maybelline mascara and Lancome skincare, posted sales of 9.58 billion euros, up 9.1%, like-for-like, slightly outpacing analyst expectations for 8.3% organic sales growth.

Curbs on travel in China, including its popular duty-free tourist destination Hainan, dragged down the performance of the company, which posted growth overall of just 0.3%, but business sped up in September.

In the United States, sales grew 9.3% despite a slow July, with a strong return of demand during the back-to-school period.

Sales grew 10.5% in Europe, with L'Oreal flagging market share gains in key markets such as Germany, Spain and Britain.

Consumer goods and luxury companies have posted strong trading updates as shoppers shrug off higher prices and continue to spend.

Estee Lauder reports first quarter earnings on Nov. 2.

© 2026 Thomson/Reuters. All rights reserved.


StreetTalk
Cosmetics group L'Oreal posted robust sales growth over the third quarter, lifted by brisk demand in Europe and the United States, which helped offset disruptions in China due to COVID-19 restrictions.
loreal earnings
191
2022-19-20
Thursday, 20 October 2022 12:19 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved