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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In June 2023, it was confirmed that luxury conglomerate LVMH would become a premium sponsor of the Paris Olympic Games of 2024, a status it paid nearly $160 million to obtain. While it may have come to a surprise to see the world's leading luxury group become the commercial partner of a mainstream sports event, the move was a clear strategic one that has since led to more tactical spending in anticipation of the event in less than 100 days.

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Paris, Thursday, April 18th, 2024 At the Annual Shareholders' Meeting of LVMH Moët Hennessy Louis Vuitton held on Thursday, April 18th, 2024, approval was given for the payment of a dividend for financial year 2023 of 13.00 Euros per share. Taking into account the 5.50 Euros paid on Wednesday, December 6th, 2023, the balance of 7.50 Euros will be paid on Thursday, April 25th, 2024.

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Chinese tourists saved the day for Louis Vuitton Moet Hennessy (EPA:MC), analysts said, noting that 10% growth in the quarter was driven by very strong growth in offshore purchases in Japan and Europe. Overall first-quarter sales were weaker than analysts expected at 3%.

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Shares in Louis Vuitton Moet Hennessy (LVMH) strutted higher as the European luxury group reported a soft start to 2024, let down by jewellery, spirits and champagne, though not as bad a quarter as many investors had expected.  The shares had fallen 10% since mid-March from above $900 to €781 earlier in the week, but sashayed 5% higher to €819.60 on Wednesday.

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LVMH Moet Hennessy Louis Vuitton shares increased 3% on Wednesday after the company posted an increase in its organic revenues in the face of a slowdown in demand for sparkling wine and jewelry that has hit the firm's main rivals in the luxury sector.

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LVMH Moët Hennessy - Louis Vuitton, Société Européenne [LVMHF] Q1 2024 Sales/Trading Statement Call April 16, 2024 12:00 PM ET Company Participants Rodolphe Ozun - Director, Financial Communications Jean-Jacques Guiony - Chief Financial Officer Conference Call Participants Chiara Battistini - J.P. Morgan Chase Erwan Rambourg - HSBC Rogerio Fujimori - Stifel Nicolaus Zuzanna Pusz - UBS Ashley Wallace - Bank of America Thomas Chauvet - Citigroup Antoine Belge - BNP Paribas Edouard Aubin - Morgan Stanley Luca Solca - Bernstein Louise Singlehurst - Goldman Sachs Charles-Louis Scotti - Kepler Cheuvreux Charmaine Yap - Redburn Atlantic Chris Gao - CLSA Liwei Hou - CICC Paola Carboni - Equita SIM Rodolphe Ozun Hello, everyone, and thank you for joining us for LVMH's first quarter 2024 revenue announcement.

LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMHF) Q1 2024 Sales/Trading Statement Call (Transcript)

Revenue for the first three months of the year came in at €20.69 billion, down 2%.

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The company's reported revenue fell 2% year-over-year.

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LVMH (EPA: MC) – the company behind luxury fashion brand Louis Vuitton is in the red at writing after reporting its revenue for the first quarter. LVMH did well in all major markets The multinational reported €20.7 billion ($22 billion) in revenue as organic revenue popped 3.0% on a year-over-year basis in Q1.

LVMH reports 3.0% organic growth in revenue for Q1

LVMH's sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousands of dollars on handbags and other accessories.

LVMH sales growth slips on luxury spending slowdown

Paris, April 16th, 2024 LVMH Moët Hennessy Louis Vuitton, the world leader in high-quality products, recorded revenue of €20.7 billion in the first quarter of 2024. Organic revenue growth came to 3%.

LVMH achieves 3% organic revenue growth in the first quarter

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News for LVMH Moet Hennessy Louis Vuitton Stock (LVMUY)