1036 GMT - The second-quarter earnings season is unlikely to look positive for most of the players in the luxury sector, Deutsche Bank analyst Adam Cochrane writes in a research note. The sequential slowdown compared with the first three months of 2025 is well understood by investors, he says. The question now is whether the second quarter is the trough and if there can be an improvement after, DB says. "This sets up a tricky period of navigation for the remainder of 2025," Cochrane adds. Deutsche Bank sees Hermes as the most attractive investment in the luxury space. LVMH also stands out, despite the relative weakness seen across many of the group's divisions, the analyst says. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
July 11, 2025 06:36 ET (10:36 GMT)
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