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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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.
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.
