LVMH touts good start to 2025 but Q4 results underwhelm

Business and Finance Business and Finance

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LVMH touts good start to 2025 but Q4 results underwhelm

^{Published on 2025-01-29 04:40:46 - Reuters}

LVMH has made a good start to 2025, CEO Bernard Arnault said on Tuesday, after the luxury conglomerate posted a slight rise in fourth-quarter sales, though analysts cautioned it may still fall short of heightened market expectations after recent share gains.

LVMH, the world's leading luxury group, reported a 10% rise in fourth-quarter sales, which was below market expectations, leading to a significant drop in its share price. Despite this, the company highlighted a strong start to 2025, with CEO Bernard Arnault expressing optimism about future growth, particularly in China. The company's full-year revenue reached 86.2 billion euros, up 9% from the previous year, driven by robust demand for fashion and leather goods, although growth slowed in the U.S. and Europe. LVMH also noted that its wines and spirits division saw a decline, while other sectors like watches and jewelry performed well. The report comes amidst concerns about a potential slowdown in luxury spending, but LVMH remains confident in its strategy and market position.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/retail-consumer/lvmh-touts-good-start-2025-q4-results-underwhelm-2025-01-28/ ]

N@N

LVMH touts good start to 2025 but Q4 results underwhelm