L’Oreal Sales Climb on Demand for Pricey Perfume, Make-Up (2)

L’Oreal SAreported resilient sales growth in the first quarter, led by demand for high-end make-up and perfumes.

Like-for-like sales rose 3.5%, L’Oreal said Thursday in a statement. Analysts had expected a 1.3% gain. The so-called Luxe division was the strongest among the four units, with sales rising 5.8%.

L’Oreal’s American Depositary Receipts jumped as much as 7.2% in New York following the release. The stock is unchanged so far this year in Paris trading.

Luxe saw double-digit growth rates for its fragrance lines, which include names such as Libre by Yves Saint Laurent and Born in Roma by ...