L'Oreal sprints on quarterly sales beat, positive forecasts

L'oreal SA

30/07/2026 09:10

** Shares in France's L'Oreal OREP.PA jump 3.8% after the world's largest cosmetics company on Wednesday reported better-than-expected quarterly sales and reassured on second-half growth
** L'Oreal's second-quarter sales came at €11.6 billion ($13.3 billion), up 6.3% on a like-for-like basis and above expectations of 5.7% growth in a Visible Alpha consensus 
** "As we head into the second half, we are confident that demand for beauty remains strong", CEO Nicolas Hieronimus said
** The strong sales and upbeat guidance are a driver for its shares, two traders say
** "We would expect the shares to be supported on the beat," J.P. Morgan says
** It adds the scope for re-rating may be limited as the stock is trading on a premium valuation multiple of 27 times its expected 2027 price-to-earning ratio and 17 times its forecast equity value/EBITDA
** By around 0800 GMT, shares are trading at €398, their highest price since late February
** They are on track for their highest daily jump in over two months
($1 = 0.8744 euros)

(Reporting by Alessandro Parodi in Gdansk, editing by)
((Alessandro.Parodi@thomsonreuters.com;))