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L’Oréal Q3: Better-than-Expected

Sales decline, but e-commerce, actives provide lift.

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By: TOM BRANNA

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Expect the worst, hope for the best. It's a maxim for many and a practice for a lot of FMCG companies and their suppliers during the COVID-19 pandemic. But L'Oréal didn't just hope, it delivered, as sales declined just 2% to $8.3 billion in the recently concluded third quarter. The company said active cosmetics sales paced the recovery as sales soared 29.9% during the period. Meanwhile, professional product sales jumped 11.0% and consumer product sales rose 0.8%, but L'Oréal ...

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