Shares in French cosmetics giant L'Oreal fell by more than 4% in early trade on Friday after the company posted its slowest quarterly sales since the height of the pandemic, dragged down by weak Chinese demand.

French cosmetics giant L'Oreal on Thursday reported a lower than expected increase in fourth-quarter sales amid continued weakness in the Chinese beauty market.

Yum Brands surpassed Wall Street estimates for fourth-quarter comparable sales on Thursday as value offerings from Taco Bell attracted budget-conscious U.S. consumers to the popular Tex-Mex chain, sending its shares up about 7%.

Yum! Brands Inc. shares had their biggest gain in almost five years after sales surpassed expectations, buoyed by growth at the Taco Bell fast-food chain.

Yum Brands on Thursday reported quarterly earnings and revenue that included strong sales for KFC's international restaurants and Taco Bell. The company's same-store sales rose 1% in the quarter. Yum Brands on Thursday reported quarterly earnings and revenue that included strong sales for KFC's international restaurants and Taco Bell.