L'Oréal's first-quarter sales exceeded expectations, with unexpected growth of about 7% in North Asia, while North America saw a decline greater than expected
L'Oréal's first-quarter sales reached €11.73 billion, exceeding analysts' expectations of €11.45 billion. Same-store sales grew by 3.5%, higher than the expected 1.26%. Same-store sales in North America declined by 3.8%, a drop that exceeded expectations, while same-store sales in North Asia unexpectedly increased by 6.9%. Derm Beauty's LFL sales grew by 2.7%. L'Oréal ADR rose by 5.3%
L'Oréal's first-quarter sales reached €11.73 billion, exceeding analysts' expectations of €11.45 billion. Same-store sales grew by 3.5% in the first quarter, while analysts had anticipated a growth of 1.26%. Same-store sales in North America declined by 3.8% in the first quarter, against analysts' expectations of a decrease of 0.64%. Same-store sales in North Asia increased by 6.9% in the first quarter, while analysts expected a decline of 3.01%. Derm Beauty LFL sales grew by 2.7% in the first quarter, compared to analysts' expectations of a 1.54% increase. L'Oréal ADR rose by 5.3%.
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