L'Oréal warns of Chinese ecosystem as Q3 sales miss expectations

seekingalpha10-23

L'Oréal S.A. (OTCPK:LRLCY) warned that the Chinese ecosystem remains challenging, with declining sales in the region resulting in lower-than-expected sales for the French cosmetics giant in the third ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2477365555?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/459231159/image_459231159.jpg","is_english":true,"pubTime":"2024-10-23 01:12","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2477365555","market":"sg","top_or_hot":-1,"title":"L'Oréal warns of Chinese ecosystem as Q3 sales miss expectations","media":"seekingalpha","content":"<div>\n<p>L'Oréal S.A. (OTCPK:LRLCY) warned that the Chinese ecosystem remains challenging, with declining sales in the region resulting in lower-than-expected sales for the French cosmetics giant in the third ...</p>\n\n<a href=\"https://seekingalpha.com/news/4191407-loral-warns-chinese-ecosystem-q3-sales-miss-expectations\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>L'Oréal warns of Chinese ecosystem as Q3 sales miss expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nL'Oréal warns of Chinese ecosystem as Q3 sales miss expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-23 01:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4191407-loral-warns-chinese-ecosystem-q3-sales-miss-expectations><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>L'Oréal S.A. (OTCPK:LRLCY) warned that the Chinese ecosystem remains challenging, with declining sales in the region resulting in lower-than-expected sales for the French cosmetics giant in the third ...</p>\n\n<a href=\"https://seekingalpha.com/news/4191407-loral-warns-chinese-ecosystem-q3-sales-miss-expectations\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LRLCY","symbol_name":"欧莱雅","start_time":0,"source_url":"https://seekingalpha.com/news/4191407-loral-warns-chinese-ecosystem-q3-sales-miss-expectations","article_id":"2477365555","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/459231159/image_459231159.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477365555","pubTimestamp":1729617162,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"L'Oréal S.A. (OTCPK:LRLCY) warned that the Chinese ecosystem remains challenging, with declining sales in the region resulting in lower-than-expected sales for the French cosmetics giant in the third ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LRLCY":"欧莱雅"},"translate_title":"第三季度销售额未达预期，欧莱雅对中国生态系统发出警告","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LRLCY":0.9},"content_text":"L'Oréal S.A. (OTCPK:LRLCY) warned that the Chinese ecosystem remains challenging, with declining sales in the region resulting in lower-than-expected sales for the French cosmetics giant in the third quarter ended September 30. “The situation in the Chinese ecosystem has become even more challenging, but we believe in the future of this market and hope that the governmental stimulus will help improve consumer confidence,” CEO Nicolas Hieronimus said in a statement.  In June, Hieronimus made a similar warning that lingering weakness in China would impact growth in the beauty market.  Although sales growth was achieved in all regions, except North Asia, Q3 results were below expectations except for North American sales which were up 5.2% compared to +3.67% estimates. Sales in Europe increased 5.6% (+6.43% est), and in SAPMENA-SSA (which includes Australia, New Zealand, Thailand, Saudi Arabia, India, Vietnam, and Sub-Saharan Africa) where sales improved 8.0% (+12.4% est).  North Asian sales were down 6.5%, worsening from a 2.4% drop in the previous quarter and missing expectations for a gain of 2.15%.  By division, sales of Professional Products rose 6.1% (est +4.5%), followed by a 5.8% gain in Luxe sales (est +4.43%), 1.4% gain in Consumer Products (est +5.18%), and 0.8% increase in sales of Dermatological Beauty (est +11.2%), resulting in an overall sales increase of 3.4%, missing the Bloomberg estimate of +5.8%. All sales are reported as like-for-like (\"LFL\").  The results weighed on shares of L'Oréal (OTCPK:LRLCY) along with other names in the sector including Estée Lauder (EL), Coty (COTY), e.l.f. Beauty (ELF), and Ulta (ULTA) all of which are down by 2% to nearly 6%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477365555"}