L'Oreal 3Q Sales Rose
October 29 2019 - 1:44PM
Dow Jones News
By Cristina Roca
L'Oreal SA (OR.FR) said Tuesday that its sales for the third
quarter rose strongly, led by growth in all divisions.
The French cosmetics and consumer-products company said sales
were 7.18 billion euros ($7.96 billion), up 11% from the same
period the year previous and beating analyst expectations of
EUR7.03 billion, according to a consensus estimate provided by
Factset.
On a like-for-like basis, sales rose 7.8%, L'Oreal said.
Growth was spurred by the luxe and active cosmetic divisions,
both of which posted like-for-like sales growth of 14%, L'Oreal
said. The Asia-Pacific region, travel retail, skincare and
e-commerce continued to drive growth, too, L'Oreal said.
Sales in North America, however, declined on a like-for-like
basis.
For 2019, the company reiterated its confidence that it can
outperform the market and grow its sales and profit.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
October 29, 2019 13:29 ET (17:29 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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