L'Oreal touches 28-month highs on 'superior execution' in Q3

By Reuters News

** Shares in L'Oreal rise 3.5%, hitting their highest since June 2024, after the company's Q3 sales came-in ahead of expectations

** The French cosmetics giant reports Q3 sales up 7.7% to €11.56 billion ($12.96 billion), growth well ahead of analyst expectations of 5.4%

** Jefferies flags strong performances in North Asia and Europe standing out, with North Asia posting LFL growth of 7.8% (vs consensus of 3.8%), and Europe delivering 8.9% (vs consensus of 4.9%)

** "Q3's +7.7% growth reinforces our view that it can sustainably deliver higher growth for longer," says Barclays

** The broker raises its FY 2027 LFL growth estimate to 6% saying "superior execution deserves a superior valuation"

** The stock is top performer in France CAC40 index .FCHI

($1 = 0.8921 euros)

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