PARIS — L’Oréal reported Wednesday its sales for the nine months ended Sept. 30 fell 2.7 percent to $12.46 billion, or 10.5 billion euros at current exchange. The French beauty giant also said it is targeting a sales increase of 7 percent and double-digit profit growth for the year.

On a like-for-like basis, the company’s business was up 6.5 percent in the nine-month period, L’Oréal said in a statement.

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