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 ...
Business slumps happen all the time, but what's troubling about this is that the slide in fashion and leather goods was LVMH's first since the coronavirus pandemic. Compounding that, analysts tracking ...