L'Oreal's Consumer Brands Drive North America Sales, Share Gains
This article was originally published in The Rose Sheet
Maybelline, L’Oreal Paris and Garnier led a 7.9% sales increase on a like-for-like basis in North America in the second fiscal quarter, L’Oreal reports July 26. CEO Jean-Paul Agon tells analysts the firm was the “leader in innovation” in cosmetics in all continents and retail channels.
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L’Oreal’s sales in Eastern Europe, Asia Pacific, Latin America and Africa/Middle East made up 39.4% of its total cosmetics sales for the first quarter, surpassing Western Europe at 36.8%. The firm’s luxury unit continues to enjoy strong momentum, booking €1.32 billion ($1.73 billion) in sales, up 12.2% from the prior-year period.