L'Oreal Is Confident About Delivering Positive Second Half, CEO Says

L'Oreal reported a surprising 1.6% increase in sales, defying analysts' expectations of a 2.4% decline. This growth was driven by strong demand for luxury skincare products in China. CEO Jean-Paul Agon discussed the impact of the pandemic on different regions, noting recovery in Europe and North America. E-commerce played a significant role, with a 61% increase in sales, highlighting its importance as an alternative shopping method.

What was the unexpected change in L'Oreal's sales during the third quarter?

• A decline of 2.4%

• An increase of 1.6%

• An increase of 2.4%

• A decline of 1.6%

Which region primarily drove L'Oreal's sales growth?

• Latin America

• Western Europe

• North America

• Mainland China

How did L'Oreal's sales perform in Western Europe and North America?

• Both regions saw a decline

• Western Europe declined, North America grew

• Western Europe grew, North America declined

• Both regions saw growth

What percentage of L'Oreal's sales was attributed to e-commerce during the quarter?

• 45%

• 61%

• 23%

• 33%

What was the growth rate of L'Oreal's e-commerce sales?

• 33%

• 61%

• 45%

• 23%