The core fashion and leather goods business—which houses Louis Vuitton and Dior—recorded revenue of €11.14 billion for the quarter, surpassing analysts’ forecasts of €10.915 billion.
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Shares in LVMH were on track for their largest drop in 14 months on Wednesday after the luxury goods group's latest sales figures disappointed investors hoping for stronger signs of a rebound at the sector bellwether.
Standout bags included the Speedy which appeared in yuzu yellow, sencha green, and sakura pink. Additionally, the Speedy appeared in an indigo blue edition dyed according to Japanese tradition, and a golden edition with a white monogram was created to evoke kinsugi pottery.
Barclays analyst Carole Madjo maintained a Buy rating on LVMH Moet Hennessy Louis Vuitton (0HAU – Research Report) today and set a price target
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French luxury conglomerate LVMH saw its stock slide by more than 6% following the Tuesday evening reveal of its 2024 annual results.