- InvestorPlace
3 Beauty Stocks to Buy on Ulta’s Guidance Warning
Cosmetic retail firm Ulta Beauty (NASDAQ:ULTA) recently delivered quite the shocker when its CEO said that beauty demand was slowing “a bit earlier and a bit bigger than we thought.” Undoubtedly, the commentary sent shares of ULTA nosediving by around 15%. At writing, ULTA stock has shed more than a quarter of its value from its peak levels. The Ultra guidance warning shockwave swept through the broader beauty industry, with some high-flying beauty stocks also taking sizeable hits to the chin, f
- Reuters
L'Oreal shares shine after sales beat expectations
PARIS (Reuters) -Shares in L'Oreal rose 5% on Friday after the French cosmetics giant beat expectations with a strong rise in first quarter sales, allaying concerns about a slowdown in the United States. L'Oreal shares were up 5.0% at 0745 GMT, the biggest gain since January 2023. While L'Oreal acknowledged a slowdown in the United States, it "comfortably surprised to the upside," both in the U.S. and Europe, they said.
- Reuters
L'Oreal sales rise 9.4% as mass market makeup outshines luxury
PARIS (Reuters) -L'Oreal reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets the United States and China. The sales growth exceeded a consensus of a 6.1% rise cited by analysts at Jefferies. Sales were up 8.3% on a reported basis.
