- Shares of LVMH plunged 7.8% on Tuesday after the world’s largest luxury group posted an unexpected decline in first-quarter sales.
- Sales were “overall below the most conservative buyside expectations,” Citi analysts said, with wines and spirits suffering the sharpest decline.
Shares of LVMH plunged 7.8% on Tuesday, losing its position as the world’s largest luxury firm to rival Hermès after an unexpected decline in first-quarter sales.
LVMH reported a 3% year-on-year fall in first-quarter sales in a trading update published shortly after the market close on Monday, missing consensus analyst expectations for slight growth.
The results pulled down the wider sector in morning deals amid broader market gains. Kering shares declined 5.2%, Burberry fell 4.6% while Richemont traded 0.9% lower.
Source: https://www.cnbc.com/2025/04/15/lvmh-sales-miss-as-tariff-uncertainty-threatens-to-hit-wealthy-shoppers.html