LVMH Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, and Other Activities & Eliminations. The Wines & Spirits segment produces and sells high quality champagne wines and sparkling wines. It also distributes vodka and white liquor. The Fashion & Leather Goods segment engages in the manufacture of luggage items, bags, accessories, shoes and clothes. The Perfumes & Cosmetics segment engages in the production and distribution of make-up, perfume and skin care products. The Watches & Jewelry segment manufactures luxury watches and accessories for men and women. It specializes in the field of chronographs and ultimate precision. The Selective Retailing segment is organized to promote an environment that is appropriate to the image and status of the luxury brands. It engages in the sale of luxury products to international travelers and on board cruise ships. This segment also manages beauty stores that combine direct access and customer assistance to customers. The Other Activities & Eliminations segment includes media division. It publishes newspapers and magazines, manages business and financial websites and holds radio stations. This segment also engages in the real estate industry and builds luxury yachts. The company was founded on January 1, 1987 and is headquartered in Paris, France.

The company's valuations are cheap, but it has a powerful and high-profile product lineup.

Why LVMH Moët Hennessy Stock Topped the Market Today

LVMH announces the launch of “LVMH Shares”, an international employee shareholding plan aimed at 70% of its global workforce. It will be deployed in 11 locations and regions in Europe, North America and Asia.

LVMH announces the launch of an international employee shareholding plan, LVMH Shares

LVMH faces short-term volatility and challenges, but the long-term investment thesis remains strong, driven by brand preservation and strategic management. Despite a weak Q3, particularly in the leather and goods segment, management's focus on brand power and exclusivity remains unwavering. The Chinese market shows temporary weakness, but the long-term demand for luxury remains robust, supported by the emerging upper middle class.

LVMH: Thesis Not Yet Broken, But Poised For Future Growth And Resilience

Luxury market leader LVMH just delivered disappointing results for the third quarter with organic growth across the group down 3%. Coming off 2023 when revenues rose 14% to $93.4 billion (€86.2 billion), quarterly revenues have sequentially slowed from 3% growth in first quarter and 1% in the second.

LVMH Revenue Falls, Sparking Fears Of A Luxury Market Recession

LVMH founder and CEO Beranrd Arnault has seen his net worth take a hit this year as the luxury goods conglomerate's stock suffers amid weakened sales.

Luxury king Bernard Arnault's net worth takes multibillion-dollar hit after LVMH shares fall

The comments come as the French luxury brand saw a 3% sales decline this quarter.

LVMH executive says it would be a mistake to offer more affordable products. Here's why he's right.

Shares in LVMH, which also owns Dior, Tiffany and Moët & Chandon, fell by as much as 7%, briefly hitting two-year low

Louis Vuitton owner LVMH reports surprise sales drop amid China slowdown

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It has been an unfortunate day for the European megacaps, with global luxury giant LVMH sliding nearly 5% in response to a wholly underwhelming nine-month trading update. Sales across LVMH's wines and spirits segment fell 11%, while its largest segment, fashion and leather goods, fell 3%.

No Champagne popping for LVMH as shares slide nearly 5%

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.

It looks like the glory days of luxury are over for LVMH, at least for now

LVMH Moët Hennessy Louis Vuitton SE, the global luxury giant, saw its shares plunge after reporting a drop in sales of fashion and leather goods. This marked the first decline since the pandemic, underscoring the severity of slowing demand from Chinese consumers, once a driving force for the luxury industry.

LVMH shares fall as Chinese consumer confidence weakens

LVMH Moët Hennessy Louis Vuitton said a slowdown in Chinese spending had hit its third quarter sales

LVMH stock falls on slumping luxury sales in China

Europe's answer to the Magnificent Seven is leaving much to be desired after two of the Continent's biggest companies, ASML Holding and LVMH Moet Hennessy, disappointed investors.

Investors develop an allergy to GRANOLAS after ASML, LVMH downturns

European luxury stocks fell after third-quarter results from industry bellwether LVMH dashed hopes that a sector recovery is under way and renewed concerns over the Chinese market.

LVMH Results Cast Cloud on Luxury Stocks

Shares in LVMH were on course for their biggest one-day drop in a year on Wednesday after the luxury bellwether missed third-quarter sales forecasts, dragging down the broader sector and erasing gains sparked by China's stimulus measures.

LVMH shares hit by weak Q3 sales, dragging down luxury sector

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 Warns of ‘Uncertain' Conditions Amid 3% Drop in Luxury Sales

A dispiriting revenue update dampened investor enthusiasm for the company.

Why LVMH Moët Hennessy Stock Tumbled on Tuesday

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 Moët Hennessy - Louis Vuitton, Société Européenne (LVMHF) Q3 2024 Sales Call Transcript

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.

LVMH Stock Sandbags the Luxury Sector Following Latest Results

The French luxury empire said the decline in revenue during the quarter was mainly due to lower growth in Japan.

Louis Vuitton Owner LVMH Misses Revenue Expectations

French luxury giant LVMH reported a 3% fall in third-quarter sales, undershooting estimates in its first decline in quarterly sales since the pandemic and offering little reassurance to investors worried about the sector's outlook.

LVMH sales fall 3% as China demand for luxury goods worsens

Paris, October 15, 2024 LVMH Moët Hennessy Louis Vuitton, the world's leading high-quality products group, recorded revenue of €60.8 billion in the first nine months of 2024, stable on a constant consolidation scope and currency basis despite the current context and a high basis of comparison, following several years of exceptional post-Covid growth. Europe and the United States posted slight growth on a constant consolidation scope and currency basis; Japan continued to achieve double-digit revenue growth; the rest of Asia reflected in particular the strong growth in spending by Chinese customers in Europe and Japan.

LVMH shows good resilience in the current context

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 investors jittery over anaemic China demand for European designer goods

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.

LVMH: Still Has Significant Upside, And The Premium Here 'Works'

DFS Group's CEO since the early days of the pandemic, Benjamin Vuchot, is stepping down “to pursue other professional interests” according to a statement from French parent LVMH Moët Hennessy Louis Vuitton.

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