Shares of LVMH drop 5% 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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Source: CNBC
LVMH's Financial Performance: LVMH reported revenues of 84.68 billion euros for 2024, slightly exceeding forecasts, but shares fell 5.42% due to underwhelming results in key segments like fashion and leather goods, indicating ongoing challenges in the luxury sector.
Market Sentiment and Comparisons: Despite strong demand in selective retailing and cosmetics, LVMH's performance lagged behind peers like Richemont, highlighting a growing disparity within the luxury market and suggesting that LVMH needs to improve its market share, particularly in handbags.
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.
