Estee Lauder (NYSE:EL) Shares Edge Higher After Results From L'Oreal
- Sales: 11.24 billion euros, +9.4% like-for-like1, +8.3% reported.
- First quarter sales included a positive 130 million euro phasing impact ahead of the implementation of new IT systems in North America. Adjusted like-for-like growth amounted to a strong +8.1%.
- Continued outperformance in a global beauty market that remained dynamic.
- All Divisions grew with stellar performances from the Consumer Products and Dermatological Beauty Divisions.
- Particularly remarkable growth in Europe and Emerging Markets.
- Continued growth in both, volume and value.
- 7 innovations awards at the CES 2024 in Las Vegas confirm L’Oréal’s Beauty Tech leadership.
- Leading in diversity and inclusion: the 2024 Equileap Gender Equality Report ranked L’Oréal number nine globally (out of 3,795 publicly listed companies in 27 markets) and number one in France.