L’Oréal SA recorded several sales records in its year-end earnings presentation, including its biggest sales increase in the Consumer Products business in more than 30 years, but ongoing weakness in travel retail and in China dragged sales lower than analysts’ estimates for the fourth quarter.
Fourth quarter sales grew 6.9% on a like-for-like basis (based on comparable structure and identical exchange rates) to €10.6bn ($11.4bn),...