LVMH's first quarter sales growth slips to 3% on luxury slowdown [Globe and Mail, The (Toronto, Canada)]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
NASDAQ:AMEX Investor Relations:
lvmh.com/investors
Company Research
Source: Globe and Mail, The
Gucci-owner Kering last month issued a surprise warning that first quarter sales would slump 10 per cent, with sharp declines in Asia, casting uncertainty for the sector's outlook. Sales at LVMH's fashion and leather goods division, which includes Louis Vuitton and Dior, climbed 2 per cent, also matching expectations. Sales in the division, which sells small Lady Dior handbags priced at 5,400 euros and roomy Louis Vuitton Speedy bags for 10,000 euros, had risen by 9 per cent year-on-year the previous quarter. Chief Financial Officer Jean-Jacques Guiony told journalists that LVMH was “quite happy” with demand from Chinese shoppers. He said purchases of Louis Vuitton products by Chinese buyers globally grew by around 10 per cent, with an increasing proportion taking place outside mainland China as they resume travelling, particularly in Japan and to some extent in Europe. LVMH, a conglomerate spanning spirits, jewellery, cosmetics and fashion which is regarded as a bellwether
Show less
Read more
Impact Snapshot
Event Time:
LVMUY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LVMUY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LVMUY alerts
High impacting LVMH-MOET H/L/V UNSP/ADR news events
Weekly update
A roundup of the hottest topics
LVMUY
News
- French cosmetics sector eyes Xi visit for reprieve on Chinese import rules [Reuters]Reuters
- French cosmetics sector eyes Xi visit for reprieve on Chinese import rules [Yahoo! Finance]Yahoo! Finance
- Marni Names Stefano Rosso CEO [Yahoo! Finance]Yahoo! Finance
- LVMH-Backed L Catterton Taps Barclays, UniCredit for Kiko Deal [Yahoo! Finance]Yahoo! Finance
- LVMH-Backed L Catterton Taps Barclays, UniCredit for Kiko Deal [BNN Bloomberg (Canada)]BNN Bloomberg