L’Oréal Reports Slower Q4 Growth as Chinese Market Weakens
The cosmetics giant saw a 2.5% sales increase in the fourth quarter, falling short of expectations due to declining demand in China and a slowdown in the U.S.
- L’Oréal's fourth-quarter sales grew 2.5% year-on-year to €11.08 billion, missing analyst expectations of 3.9% growth.
- Sales in North Asia, including China, declined by 3.6%, marking continued weakness in the region's beauty market.
- North America saw a significant slowdown in growth, rising only 1.4% compared to 5.2% in the previous quarter.
- The company remains optimistic about 2025, with CEO Nicolas Hieronimus highlighting plans to invest in emerging markets and the U.S. consumer base.
- L’Oréal announced a partnership with French luxury fashion label Jacquemus and plans to take a minority stake in the brand.
CNBC 