LVMH Moët Hennessy Louis Vuitton SE (LVMHF)
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Louis Vuitton Owner LVMH Posts Sales Drop Amid China Weakness
LVMH posted a year-over-year sales decline in the third quarter, showing the continuing pressure on the luxury sector from weak Chinese spending.
It looks like the glory days of luxury are over for LVMH, at least for now
LVMH reported a 3% decline in sales in its most recent quarter. The drop is driven by decreased demand from Chinese consumers, affecting luxury sales.
LVMH stock falls on slumping luxury sales in China
LVMH Moët Hennessy Louis Vuitton said a slowdown in Chinese spending had hit its third quarter sales
China Slump Hurts LVMH as Sales in Region Fall 16%
LVMH's sales of fashion and leather goods fell for the first time since the pandemic as the industry's biggest player was hammered by a slump in demand from Chinese consumers whose appetite for high-end purchases once seemed insatiable. French conglomerate LVMH's brands include Louis Vuitton, Christian Dior and Sephora.
LVMH Warns of ‘Uncertain' Conditions Amid 3% Drop in Luxury Sales
LVMH saw quarterly sales dip amid an “uncertain economic and geopolitical environment.” The luxury retail giant reported third-quarter earnings that showed a 3% drop in revenues — to 19.1 billion euros — while sales in its core fashion and leather goods units — which includes brands like Dior and Louis Vuitton — dropped 5%.
LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMHF) Q3 2024 Sales Call Transcript
LVMH Moët Hennessy - Louis Vuitton, Société Européenne (OTCPK:LVMHF) Q3 2024 Sales Call October 15, 2024 12:00 PM ET Company Participants Rodolphe Ozun - Director of Financial Communications Jean-Jacques Guiony - CFO Cécile Cabanis - Deputy CFO Conference Call Participants Antoine Belge - Exane BNP Paribas Louise Singlehurst - Goldman Sachs Piral Dadhania - RBC Chiara Battistini - J.P. Morgan Yi Zhong - AlphaValue Ashley Wallace - Bank of America Edouard Aubin - Morgan Stanley Carole Madjo - Barclays Thomas Chauvet - Citi Erwan Rambourg - HSBC Chris Gao - CLSA Rogerio Fujimori - Stifel Charles-Louis Scotti - Kepler Rodolphe Ozun Good afternoon everyone and welcome to today's conference call.
LVMH Stock Sandbags the Luxury Sector Following Latest Results
Luxury-brands firm LVMH reported nine-months revenue of €60.8 billion, reflecting slight growth, and strong spending by Chinese customers in Europe and Japan.
Louis Vuitton Owner LVMH Misses Revenue Expectations
The French luxury empire said the decline in revenue during the quarter was mainly due to lower growth in Japan.
LVMH investors jittery over anaemic China demand for European designer goods
Investors in French luxury group LVMH are eager for signs that China's new fiscal stimulus measures can finally pull wealthy and middle-class Chinese shoppers out of their funk, inspiring them to splash out on $4,300 designer leather handbags ahead of Singles Day, China's largest annual shopping spree.
LVMH: Still Has Significant Upside, And The Premium Here 'Works'
Recent results show some weakness in certain segments, but overall performance remains solid, making LVMH an attractive investment below €650/share. LVMH has seen a decline in valuation, but offers significant safety, growth potential, and upside with an AA credit rating. Despite challenges, LVMH remains a strong investment opportunity with a market cap of over 325B EUR.
McGhee: Stimulus effects will take time; it's a midterm play for LVMH and Estée Lauder
Tiffany McGhee, CEO & CIO at Pivotal Advisors, discusses investment opportunities in luxury brands LVMH and Estée Lauder, particularly in light of recent Chinese stimulus measures.
LVMH and Formula One announce 10-year partnership
Liberty Media-owned Formula One and luxury giant LVMH are entering into a 10-year partnership, according to a joint press release from Wednesday afternoon. The partnership will officially launch at the start of next F1 season and will include "hospitality, bespoke activations, limited editions and outstanding content.
