LVMH, the French luxury giant, reported strong Q4 sales, with a 10% organic revenue growth, beating street estimates and easing concerns about the luxury market. This led to a significant jump in LVMH shares, up by 8-12% and lifting other luxury peers such as Remy Cointreau, Hermes, Kering, and Pernod Ricard. The positive results reassured investors about the sector's resilience to economic headwinds and slowing demand, leading to a rally in luxury stocks across Europe.
Snippet from Bernard Arnault at $LVMH Not something we haven't heard before, but reminds me of Buffett's comments about Berkshire and relying on quality CEOs. https://t.co/SfnbPHDhDG
LVMH puts fears of a luxury crunch to rest https://t.co/fuhwge9DEl | opinion
LVMH shares were up following better-than-expected quarterly report. It offered reassurance to investors over the luxury industry’s resilience in the face of economic headwinds and slowing demand. More here: https://t.co/G5xv0g15yE https://t.co/Tm2ZyQNTmW
LVMH shares were up following better-than-expected quarterly report. It offered reassurance to investors over the luxury industry’s resilience in the face of economic headwinds and slowing demand https://t.co/dZm6vHk4Qn https://t.co/9HmHc32DN2
Investors dived back into top luxury shares as LVMH latest sales figures reassured investors about the sector's resilience to economic headwinds. More here: https://t.co/G5xv0g15yE https://t.co/DEoSODErxS
Investors dived back into top luxury shares as LVMH latest sales figures reassured investors about the sector's resilience to economic headwinds https://t.co/dZm6vHk4Qn https://t.co/ZY7CpDp1rP
Shares in LVMH were up following the French luxury giant's latest quarterly report, lifting peers including Hermes, Kering and Pernod Ricard. More here: https://t.co/G5xv0g1Doc https://t.co/c2CCUnfrZ9
Shares in LVMH were up following the French luxury giant's latest quarterly report, lifting peers including Hermes, Kering and Pernod Ricard https://t.co/dZm6vHk4Qn https://t.co/2SC9Nq6VCS
LVMH pacing luxury-stocks rally on Friday https://t.co/Q0ukJ99Ayw
LVMH shares were up following some better-than-expected numbers in the French luxury giant’s latest quarterly report. More here: https://t.co/G5xv0g1Doc https://t.co/69LKCXHzYk
LVMH shares were up following some better-than-expected numbers in the French luxury giant’s latest quarterly report https://t.co/dZm6vHk4Qn https://t.co/A7dgcbOrlB
LVMH $LVMUY beats, stock up 12% Eases concerns about luxury market in 4Q Revenue grew 10% organically Bernard Arnault very confident for the year https://t.co/lsLdnKtFZX
So much for that luxury goods slowdown $LVMH stock up +12% today as Q4 sales grew 10%, topping street estimates $KER and $CFR up >+5% in sympathy https://t.co/VjlKWYM0nm
Luxury stocks soaring in Europe after LVMH strong numbers Lonza, Sartorius, Remy Cointreau also up double digits on reports
LVMH leads luxury shares rally following record 2023 results despite market slump https://t.co/ciLjV9hfvf
LVMH shares jump as reassuring Q4 lifts luxury peers https://t.co/5WEJ2mzdMm https://t.co/N7KxYQvTUz
LVMH shares jump 8% as earnings point to luxury sector resilience https://t.co/GFN5S6FvLO
⚠️ EUROPEAN SHARES RISE ON STRONG RESULTS FROM LVMH, REMY COINTREAU (Reuters) European equities opened higher on Friday, boosted by upbeat quarterly updates from luxury group LVMH and spirits maker Remy Cointreau, while investors gauged interest rate cut prospects, a day… https://t.co/LDFvPgn6vO
⚠️ REMY COINTREAU POSTS SMALLER THAN EXPECTED DROP IN Q3 SALES (Reuters) French spirits maker Remy Cointreau on Friday posted a slightly smaller than expected decline in third quarter sales, citing a sequential improvement in the United States and major destocking in China… https://t.co/2Ng7aVD1Rs
How luxury giant LVMH built a recession-proof empire https://t.co/neHCBloRoX