Streetbeat News

LVMHF

Lvmh Moet Hennessy Vuitton SE

https://www.lvmh.fr

CEO

Bernard Arnault

Employees

55,812

Industry

Women's Clothing Stores

Open

605.00

Mkt cap

304B

Volume

412

High

610.00

P/E Ratio

20.50

52-wk high

958.69

Low

605.00

Div yield

0.02

52-wk low

598.42

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

LVMH remains confident despite an uncertain geopolitical and economic environment, focusing on enhancing brand desirability through high-quality products and retail excellence.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:04 pm

LVMH reported H1 revenue of EUR 41.7 billion.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:03 pm

LVMH reported Q2 organic sales growth of 1%, falling short of the estimated 1.95%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:02 pm

LVMH reported Q2 revenue of EUR20.98 billion, missing the estimated EUR21.41 billion.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:02 pm

LVMH is deepening its partnership with Alibaba to leverage Alibaba's cloud and AI capabilities, aiming to boost its presence in China. This move comes as luxury brands focus on improving online shopping experiences and catering to Chinese consumers amid economic challenges.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 5:20 pm

Louis Vuitton (LVMH) and Alibaba have expanded their partnership to enhance AI-powered luxury retail in China. This collaboration aims to leverage Alibaba's cloud technologies to boost LVMH's omnichannel presence and customer insights.

Portfolio Pulse from Shivani Kumaresan

May 22, 2024 | 3:36 pm

LVMH has 'strongly' denied reports that it is exploring options for the Marc Jacobs brand, according to Reuters. This denial comes in response to speculation about potential strategic moves for Marc Jacobs.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 3:13 pm

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