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The products that led L’Oreal Group’s 7% earnings jump this summer

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The products that led L’Oreal Group’s 7% earnings jump this summer

Announced Thursday, L’Oréal Group reported a 7.7% sales jump to reach $39.6 billion during its Q3 ending on September 30.

“We significantly outperformed the market across the vast majority of our categories, divisions and regions,” L’Oréal Group CEO Nicolas Hieronimus said during Thursday’s investor call. “Thanks to the success of our innovation plan, we continue to win in hair care and fragrances, and we are outperforming in skin care, a category I was not happy with last year, as you know.” 

In terms of geography, the jump was led by its SAPMENA–SSA region representing South Asia Pacific, Middle East, North Africa and Sub-Saharan Africa, which was up 21%. North Asia, fueled primarily by China, was up 14.1%, followed by Europe and North America, up 13.2% and 6%, respectively. Latin America was a hot topic on Thursday’s call due to its poor performance: The region was down 3%. Hieronimus told investors that Brazil was a bright spot, while the rest of the region will receive new attention in the coming quarter to establish growth. 

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