LVMH, the luxury goods bellwether, reported a 9% rise in third-quarter revenue, marking slower growth as shoppers pull back on spending. The company's shares tumbled, hitting the fashion sector. The slowdown in luxury spending is evident in high-end Cognac and costly handbag sales. LVMH, whose labels include Louis Vuitton, Dior, and Tiffany, is facing a vibe shift in the luxury business as the luxury boom wanes.
LVMH is suffering a vibe shift in the luxury business https://t.co/ALaeZVo1JM
LVMH is suffering a vibe shift in the luxury business https://t.co/j3W3MCZAAb | opinion
LVMH $MC 23Q3 call - Q&A highlights 1/ No change (from Q2) in sales to Chinese consumers Fashion & Leather Goods still 40% growth across 2 years, based on global view (incl. Travel Retail) But increase in out-bound Chinese travellers https://t.co/iADsbojCx1
Trouble In The Land Of Luxury: Market Leader LVMH’s Growth Slows https://t.co/2Ayf61e1lz https://t.co/y3VOwP7lVa
“LVMH’s sales in Asia, ex Japan, grew 11% — well short of estimates in Q3 and a sign that China may be weaker than expected. The only unit that recorded sales ahead of analysts’ expectations was selective retailing, which includes cosmetics chain Sephora.” https://t.co/UltbJP4GxT
French luxury giant LVMH's sales growth slows as shoppers’ spending splurge cools off. Read more here: https://t.co/On9gRMvqE2 https://t.co/OCsBzVbGSe
French luxury giant LVMH's sales growth slows as shoppers’ spending splurge cools off https://t.co/rPTBkFWZ9h https://t.co/sQUHsuE6KO
LVMH falls to 2023 low as growth slows, pulling luxury sector lower https://t.co/9NUAnzyyf4
LVMH, whose labels include Louis Vuitton, Dior and Tiffany, reported a 9% rise in third-quarter revenue, marking slower growth as a strong wave of spending eases due to inflation and economic turbulence. Read more here: https://t.co/On9gRMvYtA https://t.co/Tzhdshv1az
LVMH, whose labels include Louis Vuitton, Dior and Tiffany, reported a 9% rise in third-quarter revenue, marking slower growth as a strong wave of spending eases due to inflation and economic turbulence https://t.co/rPTBkFXwYP https://t.co/PDIMzRILIj
'It Ain't Gucci': LVMH Shares Tumble As Luxury Bubble Unravels https://t.co/RS05dXEZgT
The shoppers who fueled LVMH’s rise to Europe’s most valuable company and made its founder the world’s richest man are showing signs of fatigue, sent a shudder through the wider luxury industry https://t.co/l3Q6uzCMPn
'It Ain't Gucci': LVMH Shares Tumble As Luxury Bubble Unravels https://t.co/LcvrZAnNmz
Luxury goods bellwether LVMH reported a 9% rise in the third quarter, marking slower growth as shoppers pull back on spending. Its shares tumbled, hitting the fashion sector. Read more here: https://t.co/On9gRMvqE2 https://t.co/vaT2MEPspH
Luxury goods bellwether LVMH reported a 9% rise in the third quarter, marking slower growth as shoppers pull back on spending. Its shares tumbled, hitting the fashion sector https://t.co/rPTBkFWZ9h https://t.co/C5QWAFL30R
Like one of its hard-wearing monogrammed bags, LVMH should withstand the slowdown in luxury spending relatively well, writes @AndreaFelsted https://t.co/tP9LU97bMU via @opinion
LVMH Shares Drop On Slower Growth, Wiping $6 Billion From Bernard Arnault’s Fortune https://t.co/Z36Risf2xa https://t.co/HZvwGHHFdi
LVMH's shares slumped to their lowest level since December, knocking other shares in the fashion sector, after the French luxury giant posted slower third-quarter revenue growth. Read more here: https://t.co/On9gRMvYtA https://t.co/h8aNjdBtxo
LVMH's shares slumped to their lowest level since December, knocking other shares in the fashion sector, after the French luxury giant posted slower third-quarter revenue growth https://t.co/rPTBkFWZ9h https://t.co/CAOmkCFgrS
LVMH tumbles as French luxury group's sales growth slows - Reuters https://t.co/6nkqc9nDG3
LVMH shares fall to 2023 low as growth slows, pulling luxury sector down https://t.co/vuVJlUbhf3
LVMH shares tumble, hit fashion sector as luxury giant's sales growth slows https://t.co/sAM89Rbbky https://t.co/d1ExJGpOvV
LVMH shares tumble, hit fashion sector as luxury giant's sales growth slows https://t.co/dyL7uC4I8G
⚠️ LVMH SHARES SLUMP AND HIT FASHION SECTOR AS LUXURY GIANT'S SALES GROWTH MODERATES Full Story → https://t.co/LeR0ElPdCU https://t.co/pA3pkfrcHG
LVMH reports slowers sales growth amid cooling global luxury demand https://t.co/DlXSsh5cmV https://t.co/QH41LU0S32
LVMH Moët Hennessy Louis Vuitton reported a sharp slowdown in sales growth as it struggles to lure Chinese consumers back to its stores https://t.co/mgykgIlr4q https://t.co/mgykgIlr4q
LVMH sales growth slows in third quarter https://t.co/jWselYL4AY
So LVMH's Fashion & Leather Goods segment will do roughly double its 2019 revenue and operating margins are up from 33% to almost 42% and do we not think they might be overearning there a little?
LVMH sales growth falters in third quarter https://t.co/GKSOixGluV
LVMH’s sales growth softened in the third quarter as shoppers reined in spending on high-end Cognac and costly handbags, more evidence the luxury boom is waning https://t.co/LpgIakhNiI
LVMH Louis Vuitton Moët Hennessy. Q3 Revenue +9% Y/Y to €20.0B (in cc). 🍷 Wines & Spirits -14% to €1.5B. 👜 Fashion & Leather goods +9% to €9.8B. 💅 Perfumes & Cosmetics +9% to €2.0B. 💍 Watches & Jewelry +3% to €2.5B. 🛍️ Selective retailers +26% to €4.1B. https://t.co/h8X8aXI3QW
LVMH Q3 revenue rises 9%, slowing from post-pandemic frenzy https://t.co/lMw7BlnV4G https://t.co/Z51Tz5m8Ow
LVMH sales growth slows in third quarter https://t.co/WgfXoX1ZLV
$LVMH closed out Q3 with 9% organic growth, still impressive absolute momentum. Sephora was a highlight. That said, on 4-year stack, Q3 growth moderated to 45% vs 59% in Q2, also moderating across every geography & division. $CFRUY $HESAY $EL $ULTA $XLY https://t.co/Ew2SWRP2W6
$LVMH misses top line. But don't worry, the luxury consumer is just fine. This is one of the best managed companies in the world, and it can't even prevail against Mother Macro. No position here. But bearish read for our $KER short. $LVMUY $PPRUY