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L’Oréal (ENXTPA: OR) 1Q18 Trading Update: Buoyant Chinese Demand Fuels Strong Comp Growth

Executive Summary

  • L’Oréal reported 1Q18 comp growth of 6.8%, ahead of expectations and an improvement over the prior quarter’s growth.
  • The outperformance was in part due to more Chinese shoppers snapping up high-end beauty brands.
  • France continues to be a tough market for the company.

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