0648 GMT - LVMH reported a sequential slowdown in its key fashion-and-leather-goods business, while other divisions had improving trends, Citi analysts say in a note to clients. The core segment recorded an organic sales decline of 9% in the second quarter, compared with a 5% drop in the previous three months. The company will continue to address structural issues at the key fashion brands and Moet Hennessy, while mitigating cyclical pressures through cost control, Citi says. The analysts expect low-single-digit percentage cuts to consensus for both sales and EBIT in 2025. Shares closed at 470.25 euros on Thursday. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
July 25, 2025 02:48 ET (06:48 GMT)
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