L’Oreal Rises as Beauty Company’s Sales Grow in US, China

L’Oreal SA’s shares rose after the French beauty-products company’s sales expanded more than expected in North America and returned to growth in China.

North America sales rose 8.3% in the second quarter, well above the 4% analysts expected, with L’Oreal citing demand for haircare including Kérastase shampoo. That helped offset a slowdown in its home market that led overall like-for-like sales to miss analyst estimates.