LRLCY Loreal Co (PK)

   By Cristina Roca 
 

L'Oreal SA (OR.FR) said Tuesday that its sales for the third quarter rose strongly, led by growth in all divisions.

The French cosmetics and consumer-products company said sales were 7.18 billion euros ($7.96 billion), up 11% from the same period the year previous and beating analyst expectations of EUR7.03 billion, according to a consensus estimate provided by Factset.

On a like-for-like basis, sales rose 7.8%, L'Oreal said.

Growth was spurred by the luxe and active cosmetic divisions, both of which posted like-for-like sales growth of 14%, L'Oreal said. The Asia-Pacific region, travel retail, skincare and e-commerce continued to drive growth, too, L'Oreal said.

Sales in North America, however, declined on a like-for-like basis.

For 2019, the company reiterated its confidence that it can outperform the market and grow its sales and profit.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

(END) Dow Jones Newswires

October 29, 2019 13:29 ET (17:29 GMT)

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