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L’Oréal S.A. (LOR:CA) Discusses Global Beauty Market Growth Trends and Regional Performance December 1, 2025 5:30 PM EST
Company Participants
David Greenberg – CEO & President of the North America Zone
Christophe Babule – Executive VP & CFO
Eva Quiroga-Thiele – Head of Investor Relations
Presentation
David Greenberg
CEO & President of the North America Zone
I hope that you can see us and hear us well, and we’ll project even if we’re wearing these great microphones to make sure that nothing is missed. So let’s get started.
Christophe Babule
Executive VP & CFO
Okay. From my side, I’m pretty happy to be here in the U.S. I’m very happy to welcome all of you here in this market, which is, as you know, the biggest market worldwide and of course, the biggest also subsidiary of L’Oréal USA. It is quite unusual because usually, I’m the one asking questions to David, and today is the contrary. So I will do my best to answer your questions regarding, I think, most of the questions that you have in your mind.
Question-and-Answer Session
David Greenberg
CEO & President of the North America Zone
Great. I like the role reversal. So the first question, and I think this is one on everybody’s mind because we hear this a lot is considering the current state of consumer health and spending, do you expect overall beauty market to deviate from the previously projected plus 4% in 2026 and the medium term. If so, what factors might influence this change, e.g. categories, markets, et cetera?
Christophe Babule
Executive VP & CFO
First, when I look at how the market has been in 2025, what we have been seeing is, of course, a gradual acceleration. And that’s important because we started with a very soft Q1, and then the next quarters have been more dynamic. And we
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