0728 GMT - L'Oreal's quarterly sales performance reflects a faster-than-expected recovery in China, offsetting a sharper slowdown in North America, Baader Helvea Research analyst Jie Zhang says in a note. The French beauty conglomerate expects the Chinese beauty market to have turned flattish from the mid-single-digit decline in 4Q, the analyst says. L'Oreal outperformed in luxury and dermo-cosmetics, whereas its consumer products division lagged, facing tougher competition, she says. Shares rise 2.2% to 349.35 euros.(helena.smolak@wsj.com)
(END) Dow Jones Newswires
April 22, 2025 03:28 ET (07:28 GMT)
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