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L’Oréal Says Sales Growth Slows In 3Q 2013

October 30, 2013: 12:00 AM EST
French cosmetics company L’Oréal reported like-for-like sales grew 4.1 percent to €5.48 billion in the third quarter of 2013, missing the average analyst forecast for sales growth of 5 percent. In contrast, sales grew 5.2 percent in the previous quarter and 5.5 percent in the first quarter. Based on reported numbers, the company’s Professional Products Division’s like-for-like sales grew 1.8 percent, while the Consumer Products Division reported sales grew 5.3 percent. Also, L’Oréal Luxe reported sales grew 6.2 percent like-for-like and 5.3 percent based on reported figures, with the division gaining market share in all regions. L’Oréal’s Active Cosmetics Division also reported strong sales growth, at 8.0 percent like-for-like and 5.6 percent based on reported data.
"L’Oréal Sales at September 30th,2013", L’Oréal, October 30, 2013, © L’Oréal
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