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L'Oreal (OTCPK:LRLCF) reports Q1 like-for-like sales up 13.5% or +19% on a reported basis to €9.06B, consumer behavior unaffected by inflation. Sales in North America expanded 21.5% and Latin America surged 33.9%. CEO comment: "While mindful of volatility and uncertainty, we remain optimistic about the outlook for the beauty market and confident in our ability to outperform the market in 2022 and achieve another year of growth in sales and profits.”