L'Oréal Q1 Sales Beat Expectations, Stock Jumps 9%
L'Oréal, the world's largest cosmetics company, reported first-quarter sales of €12.15 billion, a 7.6% increase year-over-year. This figure significantly surpassed analyst forecasts of 3-4% growth. The strong performance drove L'Oréal's stock price up approximately 9%.
Key facts
- L'Oréal is the world's largest cosmetics company.
- First-quarter sales reached €12.15 billion.
- Sales rose 7.6% compared to the same period last year.
- Analysts had expected growth of 3-4%.
- The stock price increased by about 9% following the announcement.
Entities
Institutions
- L'Oréal
Sources
- Quartz —