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Skin care and hair care sales rise more than 20%.
April 16, 2021
By: TOM BRANNA
Editor
Driven by gains in China and online sales, L'Oréal's first quarter sales rose 10.2% on a like-for-like basis and 5.4% on a reported basis to $8.66 billion at current exchange rates. Analysts were expecting a 9.3% increase in Q1 sales. Three divisions, L’Oréal Luxe, Active Cosmetics and Professional Products, posted double-digit gains. Only the makeup-laden Consumer Products division posted a decline in sales. During the period, L’Oréal’s e-commerce sales increased 47.2% and now accoun...
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