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Louis Vuitton's parent company reported better-than-expected quarterly results, ADR fell about 6% during intraday trading in the US stock market

Wallstreetcn
Jan 28, 2025 at 04:51 PM

LVMH Group's fourth-quarter revenue was €23.93 billion, compared to analysts' expectations of €23.43 billion.

Fourth-quarter organic revenue grew by 1%, while analysts expected a decline of 1.04%.

In the fourth quarter, organic sales of fashion and leather goods fell by 1%, with analysts predicting a decline of 2.82%.

Fourth-quarter organic sales of wines and spirits decreased by 8%, while analysts expected a reduction of 6.94%.

In the fourth quarter, organic revenue in the United States grew by 3%, compared to analysts' expectations of a 3.73% increase.

In the fourth quarter, organic revenue in Asia (excluding Japan) declined by 10%, while analysts expected a decrease of 12.1%.

The fourth-quarter data is slightly better, but the trend still needs confirmation.

Annual revenue was €84.68 billion, compared to analysts' expectations of €84.38 billion.

Annual operating profit from continuing operations was €19.57 billion, while analysts expected €20.45 billion.

The annual dividend per share was €13, compared to analysts' expectations of €12.89.

LVMH Group ADR fell by 5.8%

Source: Wallstreetcn The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.

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