JPMorgan flags choppier European luxury Q3 as comps tough
JPMorgan analysts say European luxury could see a choppy third quarter as the comparison base gets tougher, despite the expected sequential slowdown. They add markets strong in Q2 remain resilient in absolute terms.
European luxury companies could see a choppier third quarter as comparison bases become tougher, JPMorgan analysts said. Even so, the firm said markets that were already strong in the second quarter remain resilient in absolute terms, according to the research note.