0959 GMT - LVMH's latest results and cautious comments about the short-term outlook from company executives suggest the luxury industry's journey back to growth is set to be bumpy, J.P. Morgan analysts say. "[LVMH] Management on the call sounded confident on the mid-term prospects for luxury, but flagged short-term uncertainty that makes it difficult to lay out an outlook for the coming months," the analysts say in a research note. This points to a likely bumpy trajectory for the sector, and for LVMH as its proxy, in coming quarters, according to JPM. The external backdrop might have stabilized, but it isn't yet fully recovered, and brands' performance will depend on their specific actions to navigate the current environment, the analysts say. LVMH shares fall 7.1%. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

January 28, 2026 05:00 ET (10:00 GMT)

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