THE WHAT? L’Oréal has reported Q2 sales of 9.31 billion euros (US$9.46 billion), a 13.4 percent rise on a like-for-like basis.
THE DETAILS Like-for-like sales grew 10.7 sales in North America, with revenues in China growing 13 percent over the quarter thanks to a growth in e-commerce sales.
L’Oréal Luxe posted growth at 28.1 percent like-for-like and 24.9 percent reported. In all geographical Zones, the Division significantly outperformed the market, marked by the gradual reopening of selective distribution. L’Oréal Luxe performed well in North Asia, particularly among Chinese consumers.
The Professional Products Division recorded strong growth at 41.0 percent like-for-like and 32.6 percent reported, strengthening its position in a market which is gradually recovering from the health crisis.
The Consumer Products Division ended the first half of the year at 6.3 percent like-for-like and 1.9 percent based on reported figures, with a rebound of 14.2 percent in the second quarter.
THE WHY? Nicolas Hieronimus, Chief Executive Officer of L’Oréal, said, “With the health situation still uncertain, the beauty market is gradually recovering and has recorded double-digit growth. As a result of the determination and continued commitment of our teams, that I wish to warmly thank, L’Oréal is significantly outperforming the market, with an exceptional second quarter.
“By the end of June, the Group posted a very strong increase and returned to its pre‑Covid growth rate, up +6.6% like-for-like compared to the first half of 2019, with an acceleration of +8.4% in the second quarter compared to 2019.”
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
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Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
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Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
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Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
