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L’Oréal reports 6.7% first-quarter sales growth driven by strong demand for hair and perfume.
L’Oréal reported its fastest quarterly sales growth in two years, with first-quarter sales rising 6.7% to €12.2 billion.
Growth was driven by strong demand for premium hair products and perfumes in the U.S., China, and Europe, fueled by the "lipstick effect," where consumers buy small luxuries during uncertain economic times.
While rising costs may lead to future price increases, the company remains optimistic.
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L'Oréal informa de un crecimiento de las ventas del 6,7% en el primer trimestre, impulsado por la fuerte demanda de cabello y perfumes.