Luxury Sector Expected to Post Another Weak Quarter -- Market Talk
Dow Jones
Jun 30
0841 GMT - Luxury companies are expected to report an unsurprisingly sluggish performance in the second quarter, UBS analysts write in a note to clients. "Following a roller-coaster start to the year, the softer luxury 2Q seems priced in by the market," the analysts say. Any meaningful recovery in growth is unlikely to come before the second half of 2026, they add. Some key topics during the upcoming earnings season will be slowing tourism in Japan as well as any pull forward in U.S. demand and pricing measures ahead of President Trump's tariffs, the analysts say. UBS picks Richemont and Hermes as top players in the luxury space. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
June 30, 2025 04:41 ET (08:41 GMT)
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