LVMH Reports Another Difficult Quarter -- Market Talk
Dow Jones
Jul 25
0639 GMT - French luxury giant LVMH reported another difficult quarter, Bernstein analysts write in a research note. The key fashion and leather goods division posted a 9% organic drop in second-quarter revenue to 9.01 billion euros, against analysts' expectations of 9.31 billion euros, according to Visible Alpha consensus. Despite the miss at the key business, the rest of the group's divisions delivered sales ahead of expectations, the analysts say. "LVMH has faced a list of problems in most recent times--most notably a marked deceleration at Dior, Hennessy and DFS," they say. Shares have plunged 26% since the start of the year. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
July 25, 2025 02:40 ET (06:40 GMT)
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