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CONSUMER CYCLICALS: L'Oréal; FY (to Dec) results

CONSUMER CYCLICALS

L'Oreal; numbers are fine equities likely just adjusting to the fact growth is now <+5% for the first time since 2020. Asia remained weak (-4%) and US came in surprisingly weak (4Q +1.2%, FY +5.5%). Will circle back after call.

  • "L'OREAL SHARES FALL 4.1% AFTER 4Q SALES MISS ESTIMATES" - bbg
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L'Oreal; numbers are fine equities likely just adjusting to the fact growth is now <+5% for the first time since 2020. Asia remained weak (-4%) and US came in surprisingly weak (4Q +1.2%, FY +5.5%). Will circle back after call.

  • "L'OREAL SHARES FALL 4.1% AFTER 4Q SALES MISS ESTIMATES" - bbg