LVMH Moet Hennessy Louis Vuitton

LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, and Other Activities & Eliminations. The Wines & Spirits segment produces and sells high quality champagne wines and sparkling wines. It also distributes vodka and white liquor. The Fashion & Leather Goods segment engages in the manufacture of luggage items, bags, accessories, shoes and clothes. The Perfumes & Cosmetics segment engages in the production and distribution of make-up, perfume and skin care products. The Watches & Jewelry segment manufactures luxury watches and accessories for men and women. It specializes in the field of chronographs and ultimate precision. The Selective Retailing segment is organized to promote an environment that is appropriate to the image and status of the luxury brands. It engages in the sale of luxury products to international travelers and on board cruise ships. This segment also manages beauty stores that combine direct access and customer assistance to customers. The Other Activities & Eliminations segment includes media division. It publishes newspapers and magazines, manages business and financial websites and holds radio stations. This segment also engages in the real estate industry and builds luxury yachts. The company was founded on January 1, 1987 and is headquartered in Paris, France.

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Over the past decades, jewelry with even a small diamond was considered a real treasure, and its price corresponded to the premium status of the gem. However, the jewelry industry also has complaints about precious stones: the inability to customize the size, shape and other characteristics of a stone, its high price and often unethical mining methods.

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LVMH reported expectedly weak interim results yesterday, further confirming the ongoing slowdown in the luxury market. Despite weakness in reported revenues and profits, however, pockets of positivity exist. Organic revenue managed to grow, margins are still strong and the US market is resilient. Further price drop will soon make LVMH attractive once again. For now though, further erosion of investor capital is likely.

LVMH: Expectedly Disappointing, But There Could Be Upside Ahead

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The problems continue to pile up for global luxury bellwether LVMH, this time in the wine and spirits division. First-half results show a 9% year-over-year decline in organic liquid sales in the period, driven by weak local demand and destocking in China, as well as lower demand in Europe and the US​​.

LVMH's liquid sales decline sparks spillover concerns for Diageo

LVMH's (LVMUY) second-quarter results, with tepid sales disappointing investors, showed that the pullback by consumers on high-end items and cooling Chinese spending is affecting even the world's largest luxury firm.

LVMH Sales Slip Shows Impact of China Weakness, Frugal Consumer

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After a tough few weeks of market action, the French luxury stocks seemed to have found themselves in the bargain bin. Indeed, the macroenvironment has been far from perfect for high-end luxury product companies.

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LVMH is continuing to spend big on marketing in China even amid the country's economic gloom. Chinese luxury consumers are still spending, but they're going to Japan due to the weak yen.

LVMH is waiting for China's consumers to shop at home

LVMH Moët Hennessy Louis Vuitton shares fell on Wednesday on fears the luxury conglomerate is starting to be hit by the wider slowdown in the market for expensive goods after it reported a slump in second quarter sales.

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Shares in LVMH fell on Wednesday after the luxury group on Tuesday released its earnings for the first half of 2024.

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Shares in French luxury giant LVMH dropped more than 4% at the market open on Wednesday after the company reported second-quarter sales growth below consensus estimates.

LVMH shares slump 4% after missing Q2 estimates

LVMH Moet Hennessy Louis Vuitton SE (OTCPK:LVMHF) Q2 2024 Earnings Conference Call July 23, 2024 12:00 PM ET Company Participants Rodolphe Ozun - Director of Financial Communications Jean-Jacques Guiony - CFO Conference Call Participants Luca Solca - Sanford Bernstein Thomas Chauvet - Citi Chiara Battistini - J.P. Morgan Edouard Aubin - Morgan Stanley Erwan Rambourg - HSBC Louise Singlehurst - Goldman Sachs Antoine Belge - Exane BNP Paribas Carole Madjo - Barclays Rogerio Fujimori - Stifel Zuzanna Pusz - UBS Charles-Louis Scotti - Kepler Piral Dadhania - RBC Liwei Hou - CICC Chris Gao - CLSA Rodolphe Ozun Ladies and gentlemen, good afternoon and welcome to today's conference call.

LVMH Moet Hennessy Louis Vuitton SE (LVMHF) Q2 2024 Earnings Call Transcript

LVMH plans to speed up its supply chain strategy and strengthen audits and controls, chief financial officer Jean-Jacques Guiony said on Tuesday, in the wake of investigations into an Italian subsidiary of the French luxury giant.

LVMH to intensify audits and controls at suppliers, says CFO

Luxury goods giant LVMH's latest earnings showed resilience with 2% organic growth in the first half of 2024, but the market leader fell short of analyst estimates and last year's revenue amid a slowdown in luxury fashion.

LVMH Falls Short In First Half Of 2024 Amid Luxury Slowdown

LVMH sales growth slowed in the second quarter as Chinese shoppers reined in spending on high-end fashion at home, even as demand in Western markets slightly picked up.

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Paris, July 23, 2024 LVMH Moët Hennessy Louis Vuitton, the world's leading high-quality products group, recorded revenue of €41.7 billion in the first half of 2024. Growth continued over the period (2% organic growth) despite a geopolitical and economic environment that remained uncertain.

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LVMH is a prime example of a high-quality business with heritage brands, family ownership, and a loyal customer base. An industry slowdown and French political turmoil exert valuation pressure on LVMH and other French luxury firms alike. LVMH delivered 35 years of continuous organic growth at 9.1% annually, with many more to come, in my view.

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LVMH is a high-quality company with a low terminal value risk and exceptional management team in the luxury sector. The company's diversified portfolio of over 75 brands across different segments enhances its long-term value and mitigates risks. I discuss the benefits of investing in LVMH as a luxury ETF with higher quality than most companies in the sector.

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Recent insights from the Altagamma Consumer and Retail Insight event in Milan make a compelling bull case for betting on luxury retail stocks. A qualitative analysis presented during the event showed how the luxury space relies on few affluent clients.

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The surprising political development threw investors for quite a loop. They seem to have overreacted to the news, however.

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China's anti-dumping probe into Europe's cognac industry is a tit-for-tat reaction to European Union tariffs on Chinese electric vehicles, the finance chief at Hennessy cognac owner LVMH said on Saturday.

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LVMH's $15.8 billion Tiffany acquisition was its biggest ever — and was met with high expectations. Some investors are skeptical about the turnaround, but things are looking up at the jewelry brand.

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Pursuant to LVMH's liquidity contract with Oddo BHF SCA, on the 30th of June 2024 the following amounts appeared on the liquidity account.

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Dublin, July 04, 2024 (GLOBE NEWSWIRE) -- The "LVMH Moet Hennessy Louis Vuitton SE - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering. This report provides insights into LVMH's tech activities, including its digital transformation strategies, its innovation programs, and its technology initiatives. LVMH Moet Hennessy Louis Vuitton SE (LVMH) is a manufacturer and marketer of luxury goods. The company's product portfolio comprises clothing, fashion and leather goods, wines and spirits, perfumes and cosmetics, jewelry, and watches.

LVMH Moet Hennessy Louis Vuitton Digital Transformation Strategy Analysis 2024: Accelerators, Incubators, and Other Innovation Programs

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The combination of stability and reliability that blue-chip stocks offer makes them one of the best ways to play in the current environment. With uncertainty over the economy still ruling the market, choosing blue-chip stocks to buy makes sense.

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