| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
French luxury fashion house LVMH-Moet Hennessy Louis Vuitton (OTC:LVMHF) (OTC:LVMUY) reported a 2% decline in first-quarter FY24 revenue to €20.7 billion. Organic revenue growth was 3%.
The Wines & Spirits business group saw a revenue decline of 16% (down 12% organic) in the first quarter of 2024.
The Fashion & Leather Goods business group achieved organic revenue growth of 2%, and the Perfumes & Cosmetics business group recorded a 7% organic growth.
Selective Retailing organic revenue growth was 11%, with Sephora gaining market share. Growth in North America, Europe and the Middle East remained strong.
Europe and the U.S. achieved growth on a constant currency and consolidation scope basis in the quarter.
Japan recorded double-digit revenue growth. Rest of Asia reflected the strong growth in spending by Chinese customers in Europe and Japan.
Price Action: LVMHF shares closed higher by 1.58% at $855.05 on Tuesday.
Photo via Shutterstock
