L'Oreal Q3 2026: The Cleanest Beat in Years
L'Oreal accelerated to 7.7% like-for-like sales growth in Q3, beating consensus by nearly two points, with professional haircare and dermatological beauty both running near 14%, luxury accelerating on fragrances, and China growing almost three times faster than the market. Shares jumped to a fresh 52-week high. Alex and Jordan break down the divisions, the regions, management's color, and the honest bull and bear cases for a stock that no longer trades at any discount.
The skinny
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