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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%.
A weaker-than-expected revenue report was the news item driving down LVMH Moët Hennessy -- Louis Vuitton's (LVMUY -6.22%) American depositary shares (ADS) on Monday. The luxury goods maker saw its ADS price sag by more than 6% as a result, contrasting unfavorably with the S&P 500 index's 0.8% increase on the day.
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.
The world's biggest conglomerate of luxury goods reported a 2% sales decline for its first quarter.
French luxury behemoth LVMH posted revenue below analysts' views for the first quarter.
Paris, April 14, 2025 LVMH Moët Hennessy Louis Vuitton, the world's leading high-quality products group, recorded revenue of €20.3 billion in the first quarter of 2025. LVMH showed good resilience and maintained its powerful innovative momentum despite a disrupted geopolitical and economic environment.Europe once again achieved growth on a constant consolidation scope and currency basis.
Louis Vuitton Moët Hennessy (LVMH) has dropped 46% from its all-time high due to revenue and EPS declines. I go over the financials and highlight why I believe the decline is temporary. I show why LVMH is becoming attractively valued today and why I am rating the stock a Buy.