Global Household & Personal Care: Flight Tracker Travel Retail Checks – May

Research evidence excerpt

Global Household & Personal Care: Flight Tracker Travel Retail Checks – May

ng. So, we are accelerating. We are accelerating the

recapture. And at the same time, as we are rebalancing within the China – travel

retail china ecosystem, we are also accelerating travel retail around the world.” -

CEO Stéphane de la Faverie (F3Q26 Earnings Call, 5/1/26)

n “The disruption to our business from the conflict in the Middle East negatively

impacted our third quarter sales growth in EUKEM by approximately 1

percentage point. The impact to our consolidated results was not material.” -

CFO Akhil Shrivastava (F3Q26 Earnings Call, 5/1/26)

n “In terms of the conflict in the Middle East, our outlook assumes a greater year-

on-year impact from disruption to our business in the fourth quarter relative to

the third, as shipments for key shopping moments had already gone out before

the conflict began. This helped to minimize the impacts to our third quarter sales

and profitability. For the fourth quarter, we expect an unfavorable impact of

approximately 2 percentage points to sales growth and $0.06 to EPS.” - CFO

Akhil Shrivastava (F3Q26 Earnings Call, 5/1/26)

L’Oréal 1Q’26 Sales & Revenue Call

n “Right now we're in the middle of the 618 festival or the beginning. The early

start is okay. We had a good Chinese New Year. So I think our brands, and

particularly our premium brands have been doing a very good job in China.” –

CEO Nicolas Hieronimus (Conference Presentation 6/1/26)

n “I'm conscious about the uncertainties that lie around this conflict. It's true that,

today, as far as the impact it has on ourselves, it is – it was absolutely

manageable. It impacted our sell-out in March in Travel Retail and indeed in the

Emirates. But this region, the Middle East, is less than 3% of our sales.