L'Oréal reports 6% Q2 sales growth as haircare boom fuels Europe and North America
L'Oréal announced that sales for the quarter ending June reached €11.6 billion, a 6.3% increase on an adjusted like‑for‑like basis, slightly above analysts' expectation of 5.7% growth. The rise was driven by strong demand for new hair‑care products and mascaras, a trend the CEO described as the “lipstick effect”. European sales grew 6.7% and North‑American sales 5.9% on the same adjusted basis. The company's Luxe division posted a 4.7% increase despite double‑digit growth in China, while ongoing difficulties in China's travel‑retail market limited overall performance. Dermatological Beauty saw an 11.1% rise and Professional Products a 10.1% gain; consumer products grew 4.6% and Luxe 4.7%. Operating margins hit 21.3% in the first half. L'Oréal’s shares are up about 4% year‑to‑date. The group also reported total first‑half sales of €23.78 billion, with notable acceleration in India where growth reached 13.8% on strong hair‑care and skin‑care demand.
Entities: Dermatological Beauty division · L'Oréal · L'Oréal Group · L'Oréal Luxe division · Nicolas Hieronimus · Professional Products division
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 6 SOURCES] L'Oréal reported sales of €11.6 billion for the quarter ending June. (L'Oréal sales figures)
- [● 6 SOURCES] European sales rose 6.7% and North American sales rose 5.9% on an adjusted like‑for‑like basis. (Regional sales growth)
- [● 3 SOURCES] Growth was driven by strong demand for hair products and mascaras.
- [● 3 SOURCES] China's travel‑retail sector continues to curtail growth for L'Oreal.
- [● 5 SOURCES] L'Oréal's shares are up about 4% year‑to‑date. (Share price performance)
- [● 3 SOURCES] Sales increased 6.3% on a like‑for‑like basis after adjustment for the new IT system.
- [● 5 SOURCES] The Luxe division grew 4.7% despite double‑digit growth in China. (Luxe division performance)
- [● 6 SOURCES] Analysts expected sales growth of 5.7% for the quarter. (Analyst expectations)
- [● 5 SOURCES] Problems in China's travel retail sector continue to curtail growth. (China travel‑retail challenges)
- [○ 1 SOURCE] Dermatological Beauty division achieved 11.1% adjusted like‑for‑like growth in Q2. (Dermatological Beauty performance)