LVMH Q3 Organic Revenue Rose 1%, In Line With Expectations
LVMH reported third-quarter organic revenue up 1% year on year, in line with consensus and BofA expectations, according to a BofA Global Research note.
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10:18:19 AM UTC
SquawkNews
LVMH's weak results at its key fashion and leather goods division could weigh on the sector, Citi's Thomas Chauvet says. The French luxury conglomerate reported organic revenue growth of 1% for the third quarter compared with the prior-year period. The core business posted a 5% drop in sales, below…
10:39:28 AM UTC
SquawkNews
LVMH's results reflect the slowdown already expected by the market, but there are some reassuring messages, analysts at UBS say in a note. The luxury behemoth made sales of 18.50 billion euros for the quarter ended September. That was up 1% from the same period last year but slowing from the 3% inc…
LVMH posted a subdued third-quarter performance, according to analysts at BofA Global Research. 50 billion euros, matching consensus and BofA's expectations.