L'Oréal Reports Q3 Net Sales Of €10.28B Vs €10.52B Est.; Organic Sales Growth At 3.4% Vs 6.0% Est.
Portfolio Pulse from Benzinga Newsdesk
L'Oréal reported Q3 net sales of €10.28 billion, missing the estimated €10.52 billion. Organic sales growth was 3.4%, below the expected 6.0%. This underperformance may impact competitors like Coty, Estée Lauder, and Ulta Beauty.
October 22, 2024 | 4:04 pm
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NEGATIVE IMPACT
L'Oréal's Q3 sales miss may affect Coty as it indicates potential challenges in the beauty sector.
L'Oréal's underperformance suggests potential sector-wide challenges, which could negatively impact Coty's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Estée Lauder might face similar market pressures as L'Oréal's Q3 results show sector challenges.
L'Oréal's sales miss could indicate broader market issues affecting Estée Lauder, potentially leading to a negative impact on its stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Ulta Beauty may experience market pressure following L'Oréal's Q3 sales miss, indicating sector challenges.
The underperformance of L'Oréal suggests potential challenges in the beauty sector, which could negatively affect Ulta Beauty's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50