L’Oréal’s ‘Robust’ European Sales Offset US Slowdown, Continued Weakness In China

L’Oréal's European business recorded sales growth of 9.7% to €3.55bn in the second quarter as consumer confidence grows, while in the US sales slowed for the dermatological beauty business and consumers in China are value-shopping.

L’Oréal SA’s “robust” European sales growth in the second quarter helped counter a slowdown in the US caused in part by a poor sunscreen season and continued weakness of the Chinese beauty market, the French company reports.

Sales for the marketer of L’Oréal branded skin and hair products, Garnier hair care, Maybelline makeup and high-end Lancôme cosmetics,...