L'Oreal shares rise 4% after Q1 sales increase 9.4% on a like-for-like basis, surpassing expected growth of 6.1%.
L'Oreal shares surge 4% after reporting a 9.4% increase in first-quarter sales on a like-for-like basis, surpassing the expected growth of 6.1%. The company attributes the strong performance to resilient advertising and promotion strategies and growth in Europe and North America. Sales in North America and Europe increased by over 12%, while its consumer products division grew 11.1%.
April 18, 2024
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