L’Oreal 3Q Rev. Misses Ests., Sees 4Q LFL Sales Improving
2014-11-03 17:01:14.394 GMT
By Heather Burke
Nov. 3 (Bloomberg) -- L’Oreal 3Q sales EU5.39b, est.
EU5.47b.
* 3Q total LFL sales growth 2.3%, est. 3.8%
* LFL sales growth by unit:
* Professional Products 2.6%, est. 2%
* Consumer Products down 0.4%, est. up 2.4%
* L’Oreal Luxe up 4.9%, est. 6.6%
* Active Cosmetics up 11.3%, est. 7%
* Body Shop up 1.2%, est. 0.1%
* Body Shop up 1.2%, est. 0.1%</li></ul>
* Says LFL sales growth should accelerate in 4Q, especially in
Consumer Products unit, should be boosted by “extremely
positive” FX effect
* W. Europe 3Q LFL sales down 0.4%, North America up 0.8%, New
Markets 3Q LFL sales up 5.8%
* Outlook: 2014 should be another year of improved economic
performance, with co. slightly outperforming the worldwide
cosmetics market, improving oper. profitability, increasing
its net EPS, in part from Nestle transaction
* Preview here
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To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-11-03 17:01:14.394 GMT
By Heather Burke
Nov. 3 (Bloomberg) -- L’Oreal 3Q sales EU5.39b, est.
EU5.47b.
* 3Q total LFL sales growth 2.3%, est. 3.8%
* LFL sales growth by unit:
* Professional Products 2.6%, est. 2%
* Consumer Products down 0.4%, est. up 2.4%
* L’Oreal Luxe up 4.9%, est. 6.6%
* Active Cosmetics up 11.3%, est. 7%
* Body Shop up 1.2%, est. 0.1%
* Body Shop up 1.2%, est. 0.1%</li></ul>
* Says LFL sales growth should accelerate in 4Q, especially in
Consumer Products unit, should be boosted by “extremely
positive” FX effect
* W. Europe 3Q LFL sales down 0.4%, North America up 0.8%, New
Markets 3Q LFL sales up 5.8%
* Outlook: 2014 should be another year of improved economic
performance, with co. slightly outperforming the worldwide
cosmetics market, improving oper. profitability, increasing
its net EPS, in part from Nestle transaction
* Preview here
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net