LVMHF Stock Recent News

More than $9 billion was wiped from French billionaire Bernard Arnault's fortune Tuesday morning after shares of his luxury goods conglomerate LVMH slumped by more than 7% following an unexpected drop in first quarter sales.

Hermès surpassed LVMH's valuation on Tuesday after Bernard Arnault's company reported disappointing sales. The 3% decline in first-quarter sales compared with a 2% rise forecast by analysts.

LVMH briefly lost the top spot as the world's most valuable luxury group to Hermes International, before recovering it as the stock's losses eased.

Shares of LVMH plunged 8% on Tuesday morning after the world's largest luxury group posted an unexpected decline in first-quarter sales. Sales were "overall below the most conservative buyside expectations," Citi analysts said, with wines and spirits suffering the sharpest decline.

LVMH Moet Hennessy's first-quarter sales miss spooked the whole sector as the French luxury-goods giant struggled in China ahead of looming tariffs in the U.S.

A shocker of a first-quarter update from Louis Vuitton Moet Hennessy (EPA:MC) saw its shares tank and other luxury names dragged lower too.  The world'a largest luxury company, maker of Moët & Chandon champagen, Hennessy cognac and owner of Louis Vuitton and Christian Dior fashion houses, reported a 2% fall in revenue on a reported basis and 3% on an organic basis.

LVMH sales fell more than expected in the first quarter, weighed down by weak demand for luxury goods in China and the US and the threat of a trade war. Bloomberg's Angelina Rascouet reports.

LVMH is considering moving more of its manufacturing into the US to mitigate tariff risks. The group's CFO said it was looking into shifting manufacturing for Louis Vuitton and Tiffany & Co. If Trump's proposed tariffs go into effect, imports from the European Union will be taxed at 20%.

LVMH Moët Hennessy - Louis Vuitton, Societe Europeenne (OTCPK:LVMHF) Q1 2025 Revenue Call April 14, 2025 12:00 PM ET Company Participants Rodolphe Ozun - Director, Financial Communications Cecile Cabanis - CFO Conference Call Participants Anne-Laure Bismuth - HSBC Zuzanna Pusz - UBS Thomas Chauvet - Citi Antoine Belge - Exane BNP Paribas Chiara Battistini - JP Morgan Luca Solca - Bernstein Edouard Aubin - Morgan Stanley Louise Singlehurst - Goldman Sachs Charles-Louis Scotti - Kepler Cheuvreux Dana Telsey - Telsey Advisory Group Rodolphe Ozun Ladies and gentlemen, good afternoon and welcome to today's conference call. I am Rodolphe Ozun, Director of Financial Communications at LVMH.

Luxury goods retailer LVMH Moët Hennessy Louis Vuitton said it is prepared to increase prices on its products and take other mitigation strategies if negotiations over tariffs during the 90-day suspension are unproductive.