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LVMH’s Subdued Sales Temper Hopes for a Rapid Luxury Rebound
LVMH’s sales of fashion and leather goods declined in the fourth quarter, casting doubt on the prospects for a quick recovery in luxury demand.
LVMH reports muted sales amid hope that the luxury downturn might finally be ending
I’m not going to report record revenue, but it was nonetheless a robust year," CEO Bernard Arnault said during the earnings call.
LVMH’s subdued sales temper hopes for a rapid luxury sector rebound
Profit at LVMH disappointed, even as the company lowered its overall marketing costs by 5% last year. Recurring operating income dropped 14% in 2024 to €19.6 billion, missing estimates. One-time costs had an impact, including charges related to the Paris Olympic Games, Guiony said.
LVMH drags down luxury shares as budding hopes fade
Shares in luxury conglomerate LVMH were down in early trade on Wednesday, after the company's end-of-year report disappointed investors hoping for stronger signs of rebound from the sector bellwether.
LVMH Sales Cast Doubt on Luxury Rebound
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Shares in luxury giant LVMH trade lower as sales growth disappoints
Luxury stocks trade lower after giant LVMH shows improvement in sales, but nevertheless left analysts underwhelmed.
1d
Shares of LVMH drop 5% as full-year results throw doubt on broad luxury recovery
LVMH shares dropped as slightly better-than-expected full-year results from the world’s largest luxury company threw doubt ...
Watchpro.com
18h
Watch sales likely to be down double-digits across Swatch Group, LVMH and Richemont in 2024
Keen watchers of the global export figures for the Swiss watch industry might conclude that 2024 was a little more ...
FashionUnited
1d
Luxury’s uneven runway: LVMH takes a tumble as rivals soar
French conglomerate LVMH, traditionally among the last to disclose its financials during the reporting season, has delivered ...
Leadership
1d
LVMH Q4 Earnings Show Growth Amid Sales Challenges
LVMH’s Q4 earnings exceed expectations with 1% organic growth, despite challenges in Asia and a decline in spirits sales.
13d
on MSN
LVMH's Bernard Arnault ousts Larry Ellison as the world's 4th-richest person after gaining $15 billion in one day
Bernard Arnault is outpacing Elon Musk and Mark Zuckerberg in wealth gain this year after signs of a rebound in luxury demand ...
2d
LVMH Touts Good Start to 2025 but Q4 Results Underwhelm
PARIS (Reuters) - LVMH has made a good start to 2025, CEO Bernard Arnault said on Tuesday, after the luxury conglomerate ...
14d
Why LVMH Stock Popped Today
Shares of Louis Vuitton Moet Hennesy (OTC: LVMUY) were moving higher today in symphony with a strong earnings report from ...
14d
Richemont Sales Surge 10% Triggering Boost for LVMH and Hermès Shares
The owner of Cartier, Piaget, Chloe and Montblanc saw an uptick in US and European sales, as well as smaller declines in ...
1d
LVMH Stock Drops as Results Raise Questions on Luxury Turnaround
Luxury giant LVMH eked a small gain in 2024 sales, underwhelming investors following buoyant results from rivals that signalled a turnaround for the sector ...
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