Consumer Staples

Report by Woozle Research

100% of retailers interviewed by Woozle reported that the cosmetics giant is “clearly strategically outperforming” competitors such as Estee Lauder and Beiersdorf brands, due to quicker innovation and better positioning around the natural, sustainable themes for self-care products. Woozle's latest channel checks (across US, Europe and Australia) suggest OR is trading ahead of consensus forecasts in 1Q23, driven by outperformance in L'Oreal Luxe and Consumer Products, partly offset by weaker than forecast Active Cosmetics sales growth. On the subject of pricing, respondents reported an average increase of 10% Y/Y for OR brands (vs. 7% increase for EL).

Consumer Staples

Report by Smart Insider

Paul Bulcke (Vice Chair since 2017) purchases €606k of stock at €303. He is on the board as a representative of Nestle (where he is Chair). It's interesting to note that Nestle reduced their ownership in L'Oreal from 23.3% to 20.1% in Dec 21 (at €400) and to see Bulke now make his first ever direct purchase in the stock. Béatrice Guillaume-Grabisch (Non Exec since 2016) also recently purchased €133k of stock. This is only her second purchase and it's notable to see her now buying at nearly twice the price after a 5 year gap.