LVMH shares set for biggest drop in over a year on fading recovery hopes
Shares in LVMH were on track for their largest drop in 14 months on Wednesday after the luxury goods group's latest sales figures disappointed investors hoping for stronger signs of a rebound at the sector bellwether.
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 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 Drags Down Luxury Shares as Budding Hopes Fade
While LVMH's results "challenge the sector narrative that all luxury companies have seen the acceleration" seen at Richemont and Burberry, it reinforces the idea of a quicker recovery this year than expected in October, analysts at Deutsche Bank said in a note to clients.
LVMH sales growth raises hope for end to luxury downturn
LVMH defied expectations and increased sales in its most recent quarter thanks to a buoyant US economy and resilience in Europe, raising optimism that the worst of the downturn in the luxury goods market has passed.
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.
Luxury shares drop amid muted analyst reaction to LVMH sales growth
Investing.com - Shares in luxury firms slipped on Wednesday after sector bellwether LVMH (EPA:LVMH) posted quarterly sales growth that received a tepid reaction from analysts.
LVMH eyes US workshop expansion, but any shift will likely be limited
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
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 ...
LVMH profits fall 17% but Arnault promises 'wind of optimism' in US
The luxury goods group headed by Bernard Arnault ends its 2024 financial year with sales of €84.7 billion, down 2% on 2023.
LVMH's Arnault family faces off-pitch challenges at new Paris soccer club
French billionaire Bernard Arnault's family is struggling to secure a deal on a much-needed new stadium for its recently ...
Paris Olympics Medals Are Tarnishing, Putting LVMH in the Spotlight
The medals were designed by a jewelry maker owned by the French luxury conglomerate, which has declined to comment on their ...
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 ...
French luxury giant LVMH denies responsibility for rusty, deteriorating Olympic medals
LVMH, which is controlled by the family of multibillionaire Bernard Arnault, was a major sponsor of the Summer Games in Paris ...
LVMH Raised to 'Overweight' Rating by Morgan Stanley Analysts
PARIS (Reuters) - Investment bank Morgan Stanley has raised its rating on French luxury goods giant LVMH to 'overweight' from ...
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At LVMH Watch Week, execs share their strategies for 2025
After a quick pivot away from its original LA venue, LVMH presented nine of its watch brands to press in New York. There, ...
LVMH achieves a solid performance despite an unfavorable global economic environment
Revenue: €84.7 billion. Profit from recurring operations: €19.6 billion. Free cash flow: €10.5 billion. Acceleration in the fourth quarter, driven by Asia, the United States and Europe. Major economic ...