×
176
Fashion Jobs
ABHAY INDUCTION TECH PVT LTD
Sales Manager
Permanent · Ahmedabad
FREELANCER PRATIK PARIKH
Opening in Leading Life Insurance Company/ Area Business Manager
Permanent · Gandhinagar
MANISHMEDI INNOVATION
Area Sales Manager
Permanent · Hyderabad
OJB HERBALS
Area Sales Manager
Permanent · Ranchi
LIVE BIOTECH PRIVATE LIMITED
Area Sales Manager, Regional Sales Manager, Zsm
Permanent · Chennai
KM ELECTRONIC CABLES PVT. LTD
Area Sales Manager - Vijayawada
Permanent · Chennai
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
STAR UNION DAI ICHI LIFE INSURANCE (SUD LIFE)
Hiring- Area Manager - Bancassurance- Kolkata Metro
Permanent · Kolkata
NIKKO & CO.
Area Sales Manager /Sales Officers(5-10 Yrs Into Fmcg)
Permanent · Karimnagar
FUTURE GENERALI
Opening For Area Manager in Bangalore With Future Generali li
Permanent · Bengaluru
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
LENSKART
Area Operations Manager
Permanent · Chennai
ADECCO INDIA PRIVATE LIMITED
Job Opening For Area Sales Manager Role For Mnc Company
Permanent · Bengaluru
DR LAL PATHLABS
Area Sales Manager -Chandigarh
Permanent · Chandigarh
JOB INDIA
Regional Manager Sales (Backend Operations)Garments - Gurgaon
Permanent · Faridabad
HERITAGE NUTRIVET LIMITED
Cattle Feed - Area Sales Manager - Salem Location
Permanent · Salem
THINK FIRST DIGITAL
Hiring For Event Production Manager - Mumbai
Permanent · Mumbai
LUPIN
Opportunity For Area Manager - Mass Marketing - Lupin Ltd
Permanent · Pune
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager - Punjab
Permanent · Jalandhar
PETPOOJA
Area Sales Manager || Software Sales (Pos) || Petpooja
Permanent · Navi Mumbai
By
Reuters
Published
Aug 1, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

L'Oreal suffers 'sluggish growth' in United States

By
Reuters
Published
Aug 1, 2014

PARIS, France - French cosmetics giant L'Oreal reported a 4.1 percent rise in second-quarter comparable sales on Thursday, slightly below expectations, and said growth at its consumer goods division was held up by sluggish demand in the United States.

L'Oreal, whose brands include Lancome creams and Yves Saint Laurent perfumes, saw revenue drop 0.7 percent on a reported basis in the second quarter.

The consensus market forecast for the group's second-quarter like-for-like sales growth was 4.3 percent.

L'Oreal said growth at its consumer products unit that makes Garnier shampoo and L'Oreal cream, was "held back by a sluggish American market and, to a certain extent, by a slowdown in the new markets, but remains solid in Western Europe."

L'Oreal management is expected to provide more details about current trading at a conference call on Friday at 0700 GMT.

The group said its consumer products unit was well positioned to benefit from a gradual improvement in European markets even though second-quarter revenue fell 2.8 percent on a reported basis.

The strongest division within the group was luxury with like-for-like sales up 7.5 percent in the second quarter, while the group's active cosmetics division saw growth of 7.4 percent, down from 8.7 percent in the previous three months.

Last month L'Oreal's chief executive Jean-Paul Agon told Reuters in an interview that he expected the group's active cosmetics unit - the maker of La Roche Posay creams - to be its biggest engine of growth in the years to come and flagged weakness in America.

L'Oreal's operating margin widened to 18.2 percent in the first half from 17.9 percent in the same period last year. Net earnings per share rose 7.5 percent to 3.17 euros.

"This is a pretty uneventful set of results as the numbers throughout the profit and loss account are in line with expectations," one London-based analyst said.
 

© Thomson Reuters 2022 All rights reserved.