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LRLCY Loreal Co (PK)

98.725
0.795 (0.81%)
Last Updated: 20:29:43
Delayed by 15 minutes
Name Symbol Market Type
Loreal Co (PK) USOTC:LRLCY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.795 0.81% 98.725 98.67 98.78 99.19 98.1201 98.77 50,788 20:29:43

L'Oreal's 3Q Sales Rose Amid Growth in All Divisions

20/10/2022 5:43pm

Dow Jones News


Loreal (PK) (USOTC:LRLCY)
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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.

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