French Fashion Giant LVMH Records 3% Organic Revenue Growth In Q1: Details
Portfolio Pulse from Shivani Kumaresan
LVMH-Moet Hennessy Louis Vuitton reported a 2% decline in Q1 FY24 revenue to €20.7 billion, with organic revenue growth at 3%. The Wines & Spirits segment saw a 16% revenue decline, while Fashion & Leather Goods grew by 2% organically. Perfumes & Cosmetics and Selective Retailing recorded 7% and 11% organic growth, respectively. Strong growth was noted in North America, Europe, the Middle East, and Japan, particularly from Chinese spending in Europe and Japan. LVMHF shares closed up 1.58% at $855.05.
April 17, 2024 | 11:40 am
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POSITIVE IMPACT
LVMH reported a 2% revenue decline but achieved 3% organic growth in Q1 FY24, with notable growth in several business segments and regions. Shares increased by 1.58%.
Despite a revenue decline, the organic growth across multiple segments and the positive market response (1.58% share price increase) indicate a strong short-term outlook for LVMH. The growth in key regions and segments, especially with the increase in market share by Sephora, suggests resilience and potential for further gains.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
LVMH's mixed Q1 FY24 results with a slight revenue decline but positive organic growth across several segments. The stock's performance reflects resilience.
LVMH's ADR (LVMUY) mirrors the performance and outlook of its primary stock (LVMHF), showing resilience despite a revenue dip, thanks to organic growth in critical segments. The positive reception in the stock market, with a 1.58% increase in LVMHF, likely translates similarly for LVMUY, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90