0849 GMT - LVMH faces a rocky road to recovery mainly due to weakness in key markets, Stifel analyst Rogerio Fujimori says in a note. The analyst expects flat organic sales for the group in the first quarter, with flattish sales for its core fashion and leather business as well as the watches and jewelry division. The company faces tough comparatives in China and worsening trends in the U.S., he says. Despite current challenges, the French luxury-goods conglomerate has a diversified portfolio and is well-placed to rebound in the next cyclical upswing when it arrives, Fujimori says. Shares are up 0.9% at 577.20 euros. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
April 01, 2025 04:50 ET (08:50 GMT)
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