LuxExperience ADRs jump after stronger 4Q sales and guidance
LuxExperience’s ADRs surged 25% to $8.90 following higher fiscal fourth-quarter sales and an upbeat outlook for continued growth in the year ahead; shares are up about 6.5% year to date.
LuxExperience's American depositary receipts climbed after the company said fiscal fourth-quarter sales were higher and it guided for continued growth in the year ahead. The ADRs rose 25%, to $8.90, on Wednesday, leaving them up about 6.5% year to date.