L'Oreal sales slightly miss in fourth quarter as China weakness persists

Core Viewpoint - L'Oreal reported lower-than-expected sales in Q4 due to ongoing weakness in the Chinese beauty market and a slowdown in demand in the U.S. [1][3] Group 1: Financial Performance - L'Oreal's Q4 sales reached 11.08 billion euros ($11.49 billion), reflecting a 2.5% increase on a like-for-like basis, but falling short of the 11.1 billion euros estimated by analysts [2] - Full-year sales amounted to 43.48 billion euros, slightly exceeding the forecast of 43.33 billion euros [2] Group 2: Market Challenges - The company has faced challenges with weaker consumer demand in recent quarters, particularly in the crucial Chinese market, a trend also affecting high-end luxury brands [3]