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Demand for Salon Products and Prestige Beauty Drive L’Oréal Q1 Sales Gains

The world's biggest beauty company reports increases in all categories and regions.

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By: TOM BRANNA

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Inflation didn't impact sales for the world's largest beauty company. First quarter sales at L'Oréal soared 19% and reached 9.06 billion euros ($9.78 billion at current exchange rates). The company noted results significantly outperformed the overall beauty market. Growth was reported in all divisions and geographic zones. In addition, traditional brick-and-mortar sales jumped 15.5%. On a like-for-like basis, sales increased 13.5% and were up 13.9% at constant exchange rates. &...

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