L'Oreal Posts Sales Growth, Optimistic for Beauty Market
By Sarah Sloat
France's L'Oreal posted sales growth in the first quarter and said it was optimistic on the outlook for the global beauty market despite current geopolitical and economic uncertainties.
The hair care and cosmetics company on Wednesday reported sales of 12.15 billion euros ($14.27 billion) for the three months to the end of March, up 3.6% on year on a reported basis, and up 7.6% on a like-for-like basis.
The figure came in above analysts' forecasts of 11.7 billion euros, according to a Visible Alpha-compiled consensus.
L'Oreal--home to brands such as L'Oreal Paris, Garnier and Maybelline New York--said it posted growth in all divisions, and that it expects earnings and sales growth for the full year.
Write to Sarah Sloat at sarah.sloat@wsj.com
(END) Dow Jones Newswires
April 22, 2026 12:34 ET (16:34 GMT)
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