BREAKING NEWS

BREAKING NEWS

Luxury skincare and make-up brands lead third-quarter sales beat at L'Oreal

Now Reading :

Luxury skincare and make-up brands lead third-quarter sales beat at L'Oreal

Luxury skincare and make-up brands lead third-quarter sales beat at L'Oreal
@ Copyright :
Eric Gaillard(Reuters)
Text size Aa Aa

PARIS (Reuters) - Maybelline parent L'Oreal <OREP.PA> posted a stronger than expected rise in third quarter sales on Tuesday, driven by booming demand for its luxury brands even as it struggled to revitalise sales in its largest mass market division.

The French cosmetics giant said revenues came in at 6.47 billion euros (5.77 billion pounds) in the July to September period, up 6.2 percent as reported and rising 7.5 percent on a comparable basis. Analysts polled by Inquiry Financial for Reuters had expected sales to rise 5.79 percent.

That marked a pick-up from the 6.3 percent pace of growth notched up a quarter earlier, as revenues from luxury products such as high-end Lancome creams expanded faster than expected.

(Reporting by Sarah White; Editing by Sudip Kar-Gupta)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.