LVMH reported a 3% decline in third-quarter sales. This is the first decline in quarterly sales since the pandemic. The drop in demand from China and Japan contributed significantly to this decrease.
We believe that a portfolio of strong leading brands in several luxury niches grants LVMH Moet Hennessy Louis Vuitton a wide moat and should allow it to generate economic profits well into the future.
“Most of our markets currently face economic challenges including mainland China,” LVMH chief financial officer Jean-Jacques Guiony said during the quarterly presentation, adding that “consumer ...