L'Oréal S.A. (LOR.F)
- Reuters
L'Oreal shares shine after Q1 sales beat expectations
Shares in L'Oreal rose more than 4% % in early Friday trading after the French cosmetics giant reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday evening, beating expectations of 6.1% growth.
- Reuters
L'Oreal sales rise 9.4% as mass market makeup outshines luxury
PARIS (Reuters) -L'Oreal reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday, beating expectations and easing concerns about a slowdown in the two biggest beauty markets the United States and China. The sales growth exceeded a consensus of a 6.1% rise cited by analysts at Jefferies. Sales were up 8.3% on a reported basis.
- Globe Newswire
First quarter 2024 sales
A very good start to the year High single digit rhythm maintained Sales: 11.24 billion euros, +9.4% like-for-like1, +8.3% reported.First quarter sales included a positive 130 million euro phasing impact ahead of the implementation of new IT systems in North America. Adjusted like-for-like growth amounted to a strong +8.1%.Continued outperformance in a global beauty market that remained dynamic.All Divisions grew with stellar performances from the Consumer Products and Dermatological Beauty Divis
