|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||360.10 - 364.15|
|52-week range||300.45 - 433.65|
|Beta (5Y monthly)||0.55|
|PE ratio (TTM)||49.93|
|Forward dividend & yield||4.80 (1.30%)|
|Ex-dividend date||27 Apr 2022|
|1y target est||N/A|
L'Oreal may continue to raise prices in the second half of the year to offset rising production costs, but would do so in a very targeted manner, the cosmetics group's Chief Executive Officer Nicolas Hieronimus told Reuters on Thursday. The maker of Maybelline mascara and Lancome perfumes beat expectations with 13.4% sales growth in the second quarter, tapping into a strong rebound in makeup sales as socialising resumes.
PARIS (Reuters) -Cosmetics group L'Oreal bucked a declining trend for the luxury and fashion industry in China with sales growing in the second quarter despite COVID-19 lockdowns, as the make-up market rebounds. "Make-up is really bouncing back," L'Oreal Chief Executive Nicolas Hieronimus told Reuters in an interview, as post-pandemic socialising accelerates and people go out to parties and events. The executive, who estimates the global cosmetics market is growing at 6%, noted a return of lip glosses and "a lot of colour," which he attributed to people emerging from two "very difficult years."
The L'oreal SA (EPA:OR) share price is currently trading at €347.8. But given that there is still a lot of uncertainty about the health of the wider economy, t...