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Abstract:PARIS (Reuters) – Cosmetics group LOreal reported better than expected first-quarter sales growth on Tuesday, citing strong U.S. and European demand as consumers brushed off concerns about inflation and snapped up high-end beauty products.
PARIS Reuters – Cosmetics group LOreal reported better than expected firstquarter sales growth on Tuesday, citing strong U.S. and European demand as consumers brushed off concerns about inflation and snapped up highend beauty products.
Sales for the first three months of 2022 rose 13.5 on a likeforlike basis to 9.06 billion euros 9.8 billion, with doubledigit growth from Europe and North America.
Analysts had expected 10.6 sales growth, according to a consensus estimate cited by Credit Suisse.
1 0.9270 euros
Reporting by Mimosa Spencer Editing by David Goodman
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