LVMH Faces Tough China Comparative, U.S. Volatility -- Market Talk

Dow Jones2025-03-28

0838 GMT - LVMH is expected to face a subdued quarter due to a tough comparative base in China as well as volatility in the U.S. market, RBC Capital Markets analysts write in a note. The analysts expect the French luxury-goods conglomerate--which is considered a bellwether for the sector--to post sales of 21.3 billion euros for the first quarter of 2025, up 3% on year in reported terms but flattish on an organic basis. The analysts don't foresee a sequential improvement in the group's core fashion and leather goods division, which should report an organic sales decline of 1%. Shares are down 0.6% at 585.80 euros.(andrea.figueras@wsj.com)

(END) Dow Jones Newswires

March 28, 2025 04:39 ET (08:39 GMT)

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The analysts don't foresee a sequential improvement in the group's core fashion and leather goods division, which should report an organic sales decline of 1%. 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