L'OREAL Q126 RESULTS: - Q1 SALES UP BY ADJUSTED +6.7% LIKE-FOR-LIKE TO EUR12.15 BLN - Q1 GROWTH IN CHINA STANDS AT MID-TO-HIGH SINGLE DIGITS - Q1 GROWTH IN NORTH AMERICA AT +7.6% ADJUSTED LIKE-FOR-LIKE - H2 2025…

L'Oréal reported Q1 2026 sales of €12.15 billion, a 6.7% adjusted like-for-like increase, driven by strong performance in North America (+7.6%) and mid-to-high single-digit growth in China. The results reflect resilient premium beauty demand and effective pricing strategies amid stable consumer spending in key markets, supporting margin resilience despite input cost pressures. Growth in China, while solid, remains cautious due to uneven luxury sentiment and regulatory scrutiny, making it a focal point for investor confidence in emerging markets. The company’s H2 2025 outlook will be critical in assessing sustainability of current trends, particularly regarding inventory levels and distribution expansion in Asia. Traders will watch the upcoming full-year 2025 earnings release for updated guidance on operating margins and R&D investment in skincare innovation.

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