L’Oréal CEO Nicolas Hieronimus expressed optimism about China’s recovery after the beauty giant’s Q4 sales missed expectations, triggering share declines. For full-year 2025, L’Oréal reported revenue of 44.1 billion euros ($48.1 billion), up 4%. Q4 revenue reached 11.3 billion euros ($13.4 billion), up 6% but below forecasts. North Asia returned to growth after two years of decline, posting 0.5% growth to 10.08 billion euros ($11 billion). China sales accelerated from 1% growth in H1 to 5% in H2, driven by luxury recovery. Hieronimus said consumers are gravitating back toward premium brands amid stock market improvements.

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