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L’Oréal (ENXTPA: OR) 1Q17 Update: Beats Expectations in Another Strong Quarter

Executive Summary

  • Cosmetics giant L’Oréal saw another robust quarter in 1Q17, reporting comparable sales growth of 4.2%. This was ahead of expectations, but marked a sequential slowing from the prior quarter.
  • Unusually strong demand for luxury products, especially in Asia, underpinned growth.
  • Comps in the Asia-Pacific region accelerated strongly, to 7.1%, while North America comps came in at 3.8%, a weakening from the previous quarter.

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