1208 GMT - LVMH could face deteriorating trends in the U.S., Barclays analysts write in a note. The analysts expect the French luxury conglomerate to report first-quarter sales of 21.2 billion euros, flat on year. The U.S. market, where demand accelerated in the final quarter of 2024, has probably worsened due to the weaker sentiment resulting from stock market declines and the prospect of a trade war, they say. LVMH seems to be among the least-impacted names by President Trump's tariffs in the luxury space, partly due to the fact that it has part of its manufacturing located in the U.S. However, the indirect impact of duties on U.S. consumer sentiment could depress luxury spending there, the analysts add. Shares are up 1.6% at 515.80 euros. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 08:08 ET (12:08 GMT)
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