L’Oreal Q1 Sales Beat, Shares Jump 8%

L’Oreal reported Q1 like‑for‑like sales up 7.6% to €12.15 bn, beating consensus of 3.6% by 400 bps.
North America grew 11.4% and Europe 10.3% YoY, outpacing Barclays forecasts of 8% and 4.5% respectively.
Professional Products rose 15.5%, Dermatological Beauty 10.8%, Luxe 5.2%, while North Asia fell 4% but beat a –5.5% estimate.
Barclays lifted its 12‑month target to €450 from €435; CFO warned oil at $90‑$100/barrel adds €90‑100 m cost.