Streetbeat News

LVMHF

Lvmh Moet Hennessy Vuitton SE

https://www.lvmh.fr

CEO

Bernard Arnault

Employees

55,812

Industry

Women's Clothing Stores

Open

668.00

Mkt cap

322B

Volume

1.4K

High

668.00

P/E Ratio

21.47

52-wk high

958.69

Low

641.00

Div yield

0.02

52-wk low

600.83

LVMH reported a 6% organic growth for the first nine months of the year, with total revenue of €60.8 billion. However, Q3 revenue fell short of expectations at €19.08 billion compared to the estimated €20.33 billion. The fashion and leather goods segment also underperformed, with revenue of €9.15 billion versus the expected €9.82 billion.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 3:50 pm

LVMH, led by Bernard Arnault, has secured a 10-year sponsorship deal with Formula One, following its significant presence at the Paris Olympics. This move highlights LVMH's strategy to leverage global sports events for brand visibility.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:01 pm

LVMH has sold Off-White LLC, the company owning the Off-White brand, to Bluestar Alliance. The terms of the transaction have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:04 pm

Bernard Arnault, CEO of LVMH, has seen his net worth drop by $54 billion due to a 16% decline in LVMH's stock price. This has moved him from the world's richest person to nearly fifth place. The luxury goods market's volatility and LVMH's challenges, including a mere 2% revenue increase and an 8% drop in income, have contributed to this decline.

Portfolio Pulse from Benzinga Neuro

September 24, 2024 | 6:02 am

Beyoncé has partnered with LVMH's Moët Hennessy to launch a new luxury whiskey brand, SirDavis, named in honor of her great-grandfather. This marks Moët Hennessy's first fully developed spirit brand in the U.S. The whiskey will be available for pre-order and is priced at $89 per bottle.

Portfolio Pulse from Ananya Gairola

August 21, 2024 | 10:04 am

Bernard Arnault, CEO of LVMH, has invested over $300 million in AI startups through Aglaé Ventures, amid challenges faced by LVMH. These investments come as LVMH's shares declined after disappointing earnings, impacting Arnault's wealth.

Portfolio Pulse from Benzinga Neuro

August 21, 2024 | 9:31 am

Elon Musk agrees with former Tesla executive Martin Viecha that investors have strong opinions on Tesla, unlike companies like LVMH and Eli Lilly. Tesla's stock dropped 12.3% after announcing lower-than-expected Q2 EPS and shrinking profit margins.

Portfolio Pulse from Anan Ashraf

July 25, 2024 | 7:45 am

Bernard Arnault's fortune is set to decline significantly as LVMH (OTCPK: LVMHF) missed earnings expectations, causing a nearly 5% drop in its shares. This could allow Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg to move closer to Arnault's position as the third-richest person in the world. LVMH reported revenue of $44.64 billion, falling short of estimates by 1.4%, and earnings per share of $16.01, below the anticipated $16.365. The luxury sector shows signs of vulnerability, with declines in the Wines & Spirits and Watches & Jewelry divisions, although the Perfumes & Cosmetics division saw growth.

Portfolio Pulse from Piero Cingari

July 23, 2024 | 9:38 pm

LVMH has announced an interim dividend of €5.50 to be paid on December 4, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:05 pm

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