'Fingers crossed' is not what investors want to hear as L'Oreal shares get slammed

Dow Jones
2025/10/22

MW 'Fingers crossed' is not what investors want to hear as L'Oreal shares get slammed

By Steve Goldstein

L'Oreal shares slumped on Wednesday.

L'Oreal shares slumped on Wednesday as the chief executive of the highly valued cosmetics company didn't express huge confidence over upcoming sales.

The 6% slide in L'Oreal stock (FR:OR) was the worst since Feb. 9, 2024.

CEO Nicolas Herionimus was discussing the company's outlook that the global beauty market will grow 4% this year and said "fingers crossed" it will meet that target given the upcoming China's Singles' Day festival on Nov. 11 and holiday season in America and Europe. L'Oreal targets an outperformance of the global beauty market.

"This lacked conviction, in our opinion, and we expect the market wanted a lot more visibility for 29x forward price-to-earnings," said analysts at Deutsche Bank led by Tom Sykes. According to FactSet data, that's the sixth most expensive stock in the French CAC 40 index FR:PX1, with the most expensive being Hermes International (FR:RMS) at 47 times earnings.

L'Oreal late Tuesday reported like-for-like sales growth of 4.2%, underperforming the 4.9% consensus.

Hermes shares separately came under pressure as the luxury group said third-quarter revenue rose 9.6% at constant currencies.

-Steve Goldstein

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

October 22, 2025 04:16 ET (08:16 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10