latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/l-or-233-al-suspends-fy-20-guidance-as-coronavirus-expected-to-hit-q1-sales-57830971 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

L'Oréal suspends FY'20 guidance as coronavirus expected to hit Q1 sales

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

L'Oréal suspends FY'20 guidance as coronavirus expected to hit Q1 sales

L'Oréal SA on March 30 suspended its financial outlook for fiscal 2020 as it expects its first-quarter sales to fall 5% year over year due to the coronavirus pandemic.

The French beauty products retailer said the store closures and the efforts to contain the spread of the virus is expected to impact the consumption of cosmetics and beauty products, including the company's business. L'Oréal's projection comes despite the company seeing "encouraging signs of recovery" in the Chinese market.

L'Oréal has postponed its annual meeting to June 30 from April 21 as a result of the outbreak. The company is scheduled to provide its first-quarter results on April 16.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here.