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Fashion designer Kim Jones is leaving LVMH's Dior Homme brand, said the company on Friday.
LVMH's Q4 earnings showed mixed results with a revenue drop, but resilience in key segments like Selective Retailing. Despite margin pressures, LVMH's long-term outlook remains positive due to strong brand performance and a promising 2025. The stock's current price of ~$748 reduces the margin of safety, necessitating cautious optimism and a focus on long-term growth potential.
Luxury stocks trade lower after giant LVMH shows improvement in sales, but nevertheless left analysts underwhelmed.
Louis Vuitton Moet Hennessy shed 6% on Wednesday after news of stronger fourth-quarter sales failed to impress against a backdrop of heightened expectations. Sales climbed 1% to €23.9 billion (£20.0 billion) in the three months to December, aiding a 1% improvement over the full year to €84.7 billion.
Bernard Arnault lost a spot in the billionaire rankings after LVMH Moet Hennessy posted results that weren't as strong as some luxury-goods rivals.
Shares of luxury goods giant LVMH dropped 5% on Wednesday as investors reacted cautiously to the group's slightly better-than-expected full-year results. The owner of Louis Vuitton, Moët & Chandon and Hennessy posted revenues of 84.68 billion euros ($88.27 billion) for 2024, exceeding the 84.38 billion euros forecast by LSEG analysts.
LVMH's sales of fashion and leather goods declined in the fourth quarter, casting doubt on the prospects for a quick recovery in luxury demand. Sales at the key unit, which includes the Louis Vuitton and Christian Dior brands, slipped 1% on an organic basis as holiday shoppers remained cautious.
The luxury conglomerate is cleaning up its portfolio of labels during a downturn for high-end goods, explains @nicolesyLIVE https://t.co/fz5HG8Bnrc #fashion
Luxury goods purveyor LVMH Moët Hennessy-Louis Vuitton's (LVMUY -2.25%) stock wasn't feeling like much of a luxury for investors on Tuesday. Following the company's publication of its latest set of quarterly and annual results, they traded out of the shares, leaving them with a more than 2% loss on a day when the S&P 500 (^GSPC 0.92%) pushed into the black, with a rise of almost 1%.
LVMH Moët Hennessy - Louis Vuitton, Societe Europeenne (OTCPK:LVMHF) Q4 2024 Earnings Conference Call January 28, 2025 12:00 PM ET Company Participants Bernard Arnault - Chairman and CEO Jean-Jacques Guiony - CFO Stephane Bianchi - Group MD Conference Call Participants Luca Solca - Bernstein Antoine Belge - Exane BNP Paribas Edouard Aubin - Morgan Stanley Thomas Chauvet - Citi Louise Singlehurst - Goldman Sachs Juliette Garnier - Le Monde Bernard Arnault Good evening everyone. It's a pleasure for me to be here with you tonight.