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L'Oreal Q1 sales up 9.4% on strong mass market demand [Yahoo! Finance]
Last ulta beauty, inc. earnings: 3/12 04:03 pm
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US:NASDAQ Investor Relations: ir.ultabeauty.com/overview/default.aspx
The French cosmetics giant, which owns the Maybelline and Lancome brands, reported sales of 11.24 billion euros ($11.98 billion) for the first three months to the end of March. The sales growth far exceeded a consensus of a 6.1% rise cited by analysts at Jefferies. Sales growth at the world's biggest beauty company will reassure the market after bearish comments from U.S. beauty retailer Ulta Beauty earlier this month about a faster-than-expected slowdown in the United States. The comments knocked L'Oreal shares by about 4% and also pressured U.S. make-up brands e.l.f. Beauty, Coty and Estee Lauder. L'Oreal said sales in both North America and Europe grew by more than 12%, as its mass market range and dermatological products compensated for weakness in the luxury segment. Sales were up 8.3% on a reported basis. ($1 = 0.9383 euros) (Reporting by Dominique Patton and Mimosa Spencer; Editing by Susan Fenton and Barbara Lewis)
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- 62 Best Mother's Day Gifts To Show How Much You Care [Forbes][Forbes]
- Will Weakness in Ulta Beauty, Inc.'s (NASDAQ:ULTA) Stock Prove Temporary Given Strong Fundamentals? [Yahoo! Finance][Yahoo! Finance]
- A 'Shark Tank' beauty brand was criticized for lacking deep foundation shades. It tried to fix it and made it worse. [Business Insider][Business Insider]
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