Beauty sector gains on L'Oréal results [Seeking Alpha]
e.l.f. Beauty, Inc. (ELF)
Last e.l.f. beauty, inc. earnings: 2/5 04:05 pm
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Source: Seeking Alpha
L'Oréal's (LRLCY, LRLCF) like-for-like sales in Europe and North America increased by more than 12% and jumped 16.2% in Latin America. Most regions enjoyed double-digit growth except North Asia where sales were down 1.1%. The company blamed the contraction on soft travel retail sales and sluggish sales in China. Most categories were also up double-digits with Dermatological Beauty showing the strongest gain (+21.9%) followed by Consumer Products (+11.1%). The results lifted shares of Coty ( COTY ), e.l.f. Beauty ( ELF ), and Estée Lauder ( EL ), all of which are trading 1.4% to 4.4% higher at midday. L'Oréal (LRLCY, LRLCF) shares are outperforming with a gain of more than 6% in U.S. trade. Ulta ( ULTA ) is up only fractionally. Names in the beauty sector have been on the defensive lately after Ulta Beauty ( ULTA cautioned investors about the financial health of the U.S. consumer. At the J.P. Morgan Retail Round Up Conference, Ulta ( ULTA ) warned that high credit card debt exac
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ELF
Earnings
- 2/6/24 - Beat
ELF
Sec Filings
- 4/29/24 - Form 4/A
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- ELF's page on the SEC website