​Beauty Slowdown Hits L’Oreal As Sales Miss On China Consumer Woes – Tyler Durden

Beauty Slowdown Hits L’Oreal As Sales Miss On China Consumer Woes ADR Shares of French cosmetics giant L’Oréal fell nearly 5% after third-quarter sales missed analysts’ expectations, as tracked by Bloomberg. The slowdown in sales was primarily attributed to worsening consumer sentiment in China. L’Oréal – home to brands including Giorgio Armani Beauty, L’Oréal Paris, Maybelline New York, Garnier, NYX Professional Makeup, and many more — booked sales of 10.28 billion euros ($11.12 billion) for the third quarter. Like-for-like sales increased 3.4%, missing the Bloomberg Consensus estimate of 5.88%.  “As anticipated, global beauty market growth has been normalizing throughout the year. In the developed markets, this has been driven…  — Continue at ZeroHedge News : Read More