LVMH sales growth slows amid US, China uncertainty

04:51pm, Wednesday, 11'th Oct 2023
Shares of LVMH (MC.PA) fell to its lowest level of the year as third-quarter sales grew 9% year-over-year, down from 17% in the second-quarter. The luxury consumer market industry took a hit as the U.
LVMH Moet Hennessy Louis Vuitton SE (EPA: MC) printed a year-to-date low this morning after reporting a sequential decline in its quarterly sales.
The state of the aspirational shopper has remained the same since the last quarter, according to LVMH.   As a refresher of the unchanged shopper, in the previous quarter, the luxury conglomerate sai
The luxury behemoth gave limited outlook on China but revealed low single-digit growth in the U.S. and more significant headwinds in Europe.

Is Burberry in trouble following LVMH sales miss?

09:37am, Wednesday, 11'th Oct 2023
Louis Vuitton Moet Hennessy (EPA:MC), the luxury goods conglomerate, missed revenue targets by about 4% in the third quarter as the high-end goods market experienced a slowdown and with shares slippin
Shares of LVMH fell as much as 8% Wednesday after the luxury goods conglomerate said revenue growth in the third quarter was much slower than in the first half of the year.
The world's largest luxury firm, seen as a bellweather for the industry, posted nine-month and third quarter results.
LVMH reported a major slump in growth in its third-quarter results amid weakening demand for luxury goods.
Shares in LVMH Moet Hennessy Louis Vuitton fell on Wednesday after the luxury goods seller posted underwhelming financial results that signaled the end of a post-pandemic boom in demand for Champagne

LVMH loves Birkenstock as IPO kicks off

05:10am, Wednesday, 11'th Oct 2023
LVMH has provided backing for Birkenstock through a private equity firm. The popular sandal maker will make its New York Stock Exchange debut on Wednesday morning at $46 per share.
LVMH, the world's largest luxury group, reported softer sales growth in the third quarter — more evidence the post-pandemic boom in high-end goods is losing steam. Caroline Connan reports on Bloombe
LVMH's sales growth softened in the third quarter as shoppers reined in spending on high-end Cognac and costly handbags, more evidence the post-pandemic luxury boom is waning. Jelena Sokolova, Morning

LVMH Vs. Hermès: Only One Is A Buy Now

11:43am, Tuesday, 10'th Oct 2023
Hermès is viewed, in my opinion, as the superior business due to its longer history, focus on its own brand, and its financial results over the last decade. LVMH is also a high-quality business with
Luxury goods had a good run after the pandemic, lifting stocks like Gucci owner Kering and Burberry Group PLC (LSE:BRBY) as well as helping Bernard Arnault, the founder and boss of Louis Vuitton Moet

Holy Heck, LVMH Is Getting Cheap(Er)

04:23am, Saturday, 07'th Oct 2023
LVMH is a leading luxury conglomerate with a strong portfolio of brands, including Louis Vuitton, Christian Dior, and Sephora. The company has shown strong growth in revenue and profit, with double-di
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