L'Oreal's 3Q Sales Rose Amid Growth in All Divisions
October 20 2022 - 12:43PM
Dow Jones News
By Kim Richters
L'Oreal SA said Thursday that sales for the third quarter rose,
beating analysts' estimates, and confirmed that it expects sales
and profit to grow this year.
The French cosmetics and consumer-products company posted sales
of 9.58 billion euros ($9.36 billion) for the quarter, compared
with EUR8 billion year prior. It said it saw growth in all
divisions and all regions.
Analysts expected EUR9.05 billion for the three-month period,
according to consensus estimates compiled by Factset.
"Despite the current uncertainties, we remain confident in the
outlook for the global beauty market, which has again confirmed its
resilience; confident in our power to innovate; and confident in
our ability to outperform the market and achieve another year of
growth in sales and profits in 2022," said the company's Chief
Executive Nicolas Hieronimus.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
October 20, 2022 12:28 ET (16:28 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Loreal (PK) (USOTC:LRLCY)
Historical Stock Chart
From Nov 2024 to Dec 2024
Loreal (PK) (USOTC:LRLCY)
Historical Stock Chart
From Dec 2023 to Dec 2024
