L'Oréal Reports Modest Q3 Growth Amid Challenges in China

Despite a global slowdown and declining sales in China, L'Oréal's focus on innovation and strategic partnerships fuels optimism for future growth.

L'Oréal's Q3 sales increased by 2.8% to €10.29 billion, with a 6% rise in sales over the first nine months of 2024.
Sales in North Asia, including China, fell by 4.4%, highlighting ongoing challenges in the region's luxury market.
Fragrance sales remained a strong performer, growing by 8%, as L'Oréal capitalizes on affordable luxury trends.
The company has successfully expanded its distribution through Amazon, enhancing its reach in underserved categories like skincare.
CEO Nicolas Hieronimus remains optimistic about long-term growth, with plans for a beauty stimulus strategy and new product launches in 2025.