L'Oreal Europe Q3 results seen more resilient, Jefferies says
Jefferies analyst David Hayes said L'Oreal’s third-quarter results in Europe are likely to be more resilient than initially feared, while North America remains the standout on momentum in mass, professional and fragrance.
L'Oreal's third-quarter results in Europe are likely to be more resilient than initially feared, Jefferies analyst David Hayes says. Hayes also says North America remains the standout, supported by momentum in mass, professional and fragrance areas. He adds that stronger trends for higher-end products continue.