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| Name | Symbol | Market | Type |
|---|---|---|---|
| LVMH Moet Hennessy Louis Vuitton SA (PK) | USOTC:LVMUY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.12 | -0.86% | 129.57 | 127.66 | 131.67 | 130.45 | 128.591 | 129.35 | 344,622 | 22:00:02 |
From Jan 2023 to Jan 2025
By Mauro Orru
LVMH Moet Hennessy Louis Vuitton posted sales below analysts' expectations for the third quarter as the luxury-goods industry grapples with inflation and high interest rates that are squeezing consumer spending.
The world's largest luxury goods conglomerate said sales climbed to 19.96 billion euros ($21.09 billion) in the three months to the end of September, up 9% on an organic basis from the previous year. Analysts had forecast sales of EUR20.48 billion, according to FactSet.
LVMH's core fashion and leather-goods division contributed EUR9.75 billion to total revenue, with sales up 9% organically. Selective retailing, the unit that houses Sephora, posted a 26% increase in revenue, while perfumes and cosmetics and watches and jewelry fared less well, with sales up 9% and 3% respectively. Wines and spirits is the only business unit that recorded lower sales, with a 14% contraction.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
October 10, 2023 12:16 ET (16:16 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year LVMH Moet Hennessy Louis... (PK) Chart |
1 Month LVMH Moet Hennessy Louis... (PK) Chart |
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