LRLCY
💄 L’Oreal reported robust Q1 sales growth, significantly exceeding analyst expectations, driven primarily by strong demand for luxury makeup and perfumes.
✨ The ‘Luxe’ division was the standout performer, achieving a 5.8% sales increase, with double-digit growth in fragrance lines like Yves Saint Laurent Libre and Valentino Born in Roma.
📈 Despite a challenging past year for the stock (down ~21% over 12 months prior), recent performance indicates strong consumer appeal in the high-end segment, boosting share price.
@bernardodegarcia:
“Let’s go now to L’Oreal, let’s see if we can find it because it’s not a stock… L’Oreal. Look, we found it like this. There we have it, although I don’t think this is the main market. This is the German market. L’Oreal shares here say they are falling, but this morning I saw them rising. Let’s see if we find it. Lor… L’Oreal comes up again… in German. There we have it. Yes, it seems this is the right one. They are rising after the cosmetics company reported solid sales growth driven by demand for high-end makeup and perfumes. The shares rose, as we are seeing, more than 3.7% on the first day of trading in Paris after the owner of brands like Kiehl’s published its financial results. It fell, as we see, about 21% in the last 12 months. Overall comparable sales increased by 3.5% in the first quarter, as reported by L’Oreal last week, almost three times more than analysts expected. The so-called Luxe division was the strongest of the four units with a sales increase of 5.8%. Luxe recorded double-digit growth rates for its fragrance lines, which include names like Libre by Yves Saint Laurent and Born in Roma by Valentino.”
Watch the exact part of the video where @bernardodegarcia talks about L’Oreal here:
Watch the video on YouTube
Read more articles analyzing L’Oreal (LRLCY) at the provided link. LRLCY stock.
