LVMH Third-Quarter Organic Sales Rise 1%, Below Expectations
LVMH reported third-quarter organic sales of €18.28 billion, up 1% year over year, as weaker demand weighed on its fashion and leather goods division.
Story updates
03:48:26 PM UTC
SquawkNews
LVMH 3Q Fashion, Leather-Goods Sales EUR8.245B
03:48:36 PM UTC
SquawkNews
LVMH 3Q FLG Sales Fell 5%
03:57:58 PM UTC
SquawkNews
Luxury bellwether LVMH EURONEXT:MC on Monday reported worse-than-expected third-quarter organic sales growth as demand for its fashion and leather brands, including Louis Vuitton and Dior deteriorated.The trading update from LVMH - the world's largest luxury group and the first major firm to repor…
3% increase expe…