L'Oreal Sales Rise 7.7% Organically to 11.56 Billion Euros
L'Oreal reported sales of 11.56 billion euros for its most recent quarter, up 7.7% organically year over year, beating expectations. Citi's Cedric Besnard said the shares could move higher.
Citi's Cedric Besnard says L'Oreal shares could rise after the beauty company reported quarterly sales above expectations. Revenue from the group's cosmetics, skincare and makeup brands totaled 11.56 billion euros, up 7.7% organically from the same quarter last year.