L'Oreal's Sales Rise: Why Shares Dropped Anyway

L’Oreal’s Q3 sales jumped, but investors weren’t thrilled! Despite a 4.2% increase and $12 billion in revenue driven by recoveries in the US and China, shares dipped 4%. Why? Slower post-pandemic sales, inflation woes, and Chinese consumers favoring local brands are concerns. Plus, North American growth lagged. To combat this, L’Oreal's making power plays: acquiring Kering’s beauty biz (including Gucci) and snapping up Medik8 and ColorWow to boost their beauty empire.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.