Shares of LVMH drop 6% as full-year results throw doubt on broad luxury recovery
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 29 2025
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Should l Buy ?
Source: CNBC
LVMH's Annual Results: LVMH reported revenues of 84.68 billion euros for 2024, slightly surpassing analyst expectations, but shares fell by 6.42% due to concerns over the luxury sector's recovery, particularly in its fashion and leather goods segments.
Market Reaction and Comparisons: The decline in LVMH's stock follows strong quarterly sales from competitor Richemont, leading analysts to express disappointment with LVMH's results, which were seen as underwhelming compared to peers like Burberry.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
