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

French cosmetics giant L’Oreal reported lower-than-expected sales in the fourth quarter due to weak demand in China and the U.S. Sales reached 11.08 billion euros, just below analyst estimates, with full-year sales totaling 43.48 billion euros. The company, known for brands like Lancôme and Maybelline, has been impacted by softening consumer demand, particularly in China, similar to luxury brands in the market.

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