1023 GMT - LVMH's results featured higher-than-expected profitability and a muted top-line performance at its closely watched fashion and leather goods division, but investors shouldn't read too much into this, J.P. Morgan analysts say in a research note. "We think that, for once, the read-across from LVMH to the rest of the sector and for the upcoming reporters might actually be relatively limited," the analysts say. The performance of the French luxury giant's core division signals trends remain bumpy and Chinese demand hasn't yet fully recovered, according to JPM. Beyond that, the main insight investors can get is that jewelry continues to shine, the analysts say. The dynamics of specific brands and categories explain mixed top-line trends this luxury earnings season and LVMH's profitability is due to its own actions, they add. LVMH shares fall 7.6%. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

January 28, 2026 05:24 ET (10:24 GMT)

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