French Fashion Giant LVMH Posts 9% Organic Revenue Growth In Q3
Portfolio Pulse from Lekha Gupta
French luxury fashion house LVMH reported a 10% Y/Y sales growth to €62.205 billion for the first nine months of FY23. Organic revenue growth was 14% for the nine months and 9% in Q3 FY23. All business groups, except Wines & Spirits, saw organic revenue growth. The company saw a 26% jump in organic sales of Selective Retailing due to the strong performance of Sephora. Organic sales grew 16% in the Fashion & Leather Goods segment. LVMH expects continued growth in 2023 despite an uncertain economic and geopolitical environment.
October 11, 2023 | 10:00 am
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POSITIVE IMPACT
LVMH reported strong sales and organic revenue growth for the first nine months of FY23. The company expects continued growth in 2023, which could positively impact the stock.
LVMH's strong sales and organic revenue growth indicate a positive financial performance. The company's expectation of continued growth in 2023 suggests a positive outlook, which could boost investor confidence and positively impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
LVMH reported strong sales and organic revenue growth for the first nine months of FY23. The company expects continued growth in 2023, which could positively impact the stock.
LVMH's strong sales and organic revenue growth indicate a positive financial performance. The company's expectation of continued growth in 2023 suggests a positive outlook, which could boost investor confidence and positively impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100