LVMH shares edge higher as sales and profits rise

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LVMH shares edge higher as sales and profits rise

Reuters2021-07-27

PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, ...

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MT103
·2021-07-27
Cant travel for almost 2 years. Guess people need to indulge themselves somehow.
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1
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chanch
·2021-07-27
Consumers are back in business, a good sign
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Troytan
·2021-07-27
Pend up spending
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sharenraj
·2021-07-27
Good news
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Jimmyboy
·2021-07-27
Please like and comment.
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Alvinwong
·2021-07-27
Like
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- sharenraj:
  Yes
  2021-07-27
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- pkycme:
  F
  2021-07-27
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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLVMH shares edge higher as sales and profits rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 15:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/lvmh-results/lvmh-shares-edge-higher-as-sales-and-profits-rise-idUSFWN2P30JJ><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, ...</p>\n\n<a href=\"https://www.reuters.com/article/lvmh-results/lvmh-shares-edge-higher-as-sales-and-profits-rise-idUSFWN2P30JJ\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LB":"LandBridge Co. LLC"},"source_url":"https://www.reuters.com/article/lvmh-results/lvmh-shares-edge-higher-as-sales-and-profits-rise-idUSFWN2P30JJ","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175986847","content_text":"PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton.\nLVMH shares were up 0.3% in early session trading.\n“We are encouraged by Louis Vuitton and Dior’s exceptional brand positioning across regions and sustained local luxury consumer demand,” wrote brokerage Cowen & Company, which kept an ‘outperform’ rating on LVMH shares.\nThe luxury goods industry is recovering from the COVID-19 crisis, which shut down global travel and temporarily closed stores, and LVMH has benefited more than most, using its heft to spend on marketing and social media campaigns when some of its smaller rivals are still struggling to get back on their feet.\nOverall sales at LVMH, which also owns champagne and cosmetics labels, rose by 84% year-on-year in the second quarter on a like-for-like basis, which strips out currency swings, and stood at 14.7 billion euros ($17.33 billion).\nOperating profit in the first six months of this year more than quadrupled compared with a year ago, beating expectations among analysts polled by Refinitiv.\n“We think much of this will be repeated in H2 in the absence of a sector momentum shift: as long as the sector performs, LVMH will perform better,” wrote brokerage Jefferies, which kept a ‘buy’ rating on LVMH shares.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809285815,"gmtCreate":1627373125537,"gmtModify":1703488609166,"author":{"id":"3571482048865852","authorId":"3571482048865852","name":"Troytan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3571482048865852","authorIdStr":"3571482048865852"},"htmlText":"Pend up spending&nbsp;","listText":"Pend up spending&nbsp;","text":"Pend up spending","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809285815","repostId":1175986847,"repostType":4,"repost":{"id":"1175986847","kind":"news","pubTimestamp":1627371958,"share":"https://ttm.financial/m/news/1175986847?lang=&edition=fundamental","pubTime":"2021-07-27 15:45","market":"us","language":"en","title":"LVMH shares edge higher as sales and profits rise","url":"https://stock-news.laohu8.com/highlight/detail?id=1175986847","media":"Reuters","summary":"PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group ","content":"<p>PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton.</p>\n<p>LVMH shares were up 0.3% in early session trading.</p>\n<p>“We are encouraged by Louis Vuitton and Dior’s exceptional brand positioning across regions and sustained local luxury consumer demand,” wrote brokerage Cowen &amp; Company, which kept an ‘outperform’ rating on LVMH shares.</p>\n<p>The luxury goods industry is recovering from the COVID-19 crisis, which shut down global travel and temporarily closed stores, and LVMH has benefited more than most, using its heft to spend on marketing and social media campaigns when some of its smaller rivals are still struggling to get back on their feet.</p>\n<p>Overall sales at LVMH, which also owns champagne and cosmetics labels, rose by 84% year-on-year in the second quarter on a like-for-like basis, which strips out currency swings, and stood at 14.7 billion euros ($17.33 billion).</p>\n<p>Operating profit in the first six months of this year more than quadrupled compared with a year ago, beating expectations among analysts polled by Refinitiv.</p>\n<p>“We think much of this will be repeated in H2 in the absence of a sector momentum shift: as long as the sector performs, LVMH will perform better,” wrote brokerage Jefferies, which kept a ‘buy’ rating on LVMH shares.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLVMH shares edge higher as sales and profits rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 15:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/lvmh-results/lvmh-shares-edge-higher-as-sales-and-profits-rise-idUSFWN2P30JJ><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, ...</p>\n\n<a href=\"https://www.reuters.com/article/lvmh-results/lvmh-shares-edge-higher-as-sales-and-profits-rise-idUSFWN2P30JJ\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LB":"LandBridge Co. LLC"},"source_url":"https://www.reuters.com/article/lvmh-results/lvmh-shares-edge-higher-as-sales-and-profits-rise-idUSFWN2P30JJ","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175986847","content_text":"PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton.\nLVMH shares were up 0.3% in early session trading.\n“We are encouraged by Louis Vuitton and Dior’s exceptional brand positioning across regions and sustained local luxury consumer demand,” wrote brokerage Cowen & Company, which kept an ‘outperform’ rating on LVMH shares.\nThe luxury goods industry is recovering from the COVID-19 crisis, which shut down global travel and temporarily closed stores, and LVMH has benefited more than most, using its heft to spend on marketing and social media campaigns when some of its smaller rivals are still struggling to get back on their feet.\nOverall sales at LVMH, which also owns champagne and cosmetics labels, rose by 84% year-on-year in the second quarter on a like-for-like basis, which strips out currency swings, and stood at 14.7 billion euros ($17.33 billion).\nOperating profit in the first six months of this year more than quadrupled compared with a year ago, beating expectations among analysts polled by Refinitiv.\n“We think much of this will be repeated in H2 in the absence of a sector momentum shift: as long as the sector performs, LVMH will perform better,” wrote brokerage Jefferies, which kept a ‘buy’ rating on LVMH shares.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809285300,"gmtCreate":1627373122500,"gmtModify":1703488608676,"author":{"id":"3580564583915483","authorId":"3580564583915483","name":"sharenraj","avatar":"https://community-static.tradeup.com/news/419197abf2e1b3044b4c2d305e844189","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3580564583915483","authorIdStr":"3580564583915483"},"htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809285300","repostId":1175986847,"repostType":4,"repost":{"id":"1175986847","kind":"news","pubTimestamp":1627371958,"share":"https://ttm.financial/m/news/1175986847?lang=&edition=fundamental","pubTime":"2021-07-27 15:45","market":"us","language":"en","title":"LVMH shares edge higher as sales and profits rise","url":"https://stock-news.laohu8.com/highlight/detail?id=1175986847","media":"Reuters","summary":"PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group ","content":"<p>PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton.</p>\n<p>LVMH shares were up 0.3% in early session trading.</p>\n<p>“We are encouraged by Louis Vuitton and Dior’s exceptional brand positioning across regions and sustained local luxury consumer demand,” wrote brokerage Cowen &amp; Company, which kept an ‘outperform’ rating on LVMH shares.</p>\n<p>The luxury goods industry is recovering from the COVID-19 crisis, which shut down global travel and temporarily closed stores, and LVMH has benefited more than most, using its heft to spend on marketing and social media campaigns when some of its smaller rivals are still struggling to get back on their feet.</p>\n<p>Overall sales at LVMH, which also owns champagne and cosmetics labels, rose by 84% year-on-year in the second quarter on a like-for-like basis, which strips out currency swings, and stood at 14.7 billion euros ($17.33 billion).</p>\n<p>Operating profit in the first six months of this year more than quadrupled compared with a year ago, beating expectations among analysts polled by Refinitiv.</p>\n<p>“We think much of this will be repeated in H2 in the absence of a sector momentum shift: as long as the sector performs, LVMH will perform better,” wrote brokerage Jefferies, which kept a ‘buy’ rating on LVMH shares.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLVMH shares edge higher as sales and profits rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 15:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/lvmh-results/lvmh-shares-edge-higher-as-sales-and-profits-rise-idUSFWN2P30JJ><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, ...</p>\n\n<a href=\"https://www.reuters.com/article/lvmh-results/lvmh-shares-edge-higher-as-sales-and-profits-rise-idUSFWN2P30JJ\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LB":"LandBridge Co. LLC"},"source_url":"https://www.reuters.com/article/lvmh-results/lvmh-shares-edge-higher-as-sales-and-profits-rise-idUSFWN2P30JJ","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175986847","content_text":"PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton.\nLVMH shares were up 0.3% in early session trading.\n“We are encouraged by Louis Vuitton and Dior’s exceptional brand positioning across regions and sustained local luxury consumer demand,” wrote brokerage Cowen & Company, which kept an ‘outperform’ rating on LVMH shares.\nThe luxury goods industry is recovering from the COVID-19 crisis, which shut down global travel and temporarily closed stores, and LVMH has benefited more than most, using its heft to spend on marketing and social media campaigns when some of its smaller rivals are still struggling to get back on their feet.\nOverall sales at LVMH, which also owns champagne and cosmetics labels, rose by 84% year-on-year in the second quarter on a like-for-like basis, which strips out currency swings, and stood at 14.7 billion euros ($17.33 billion).\nOperating profit in the first six months of this year more than quadrupled compared with a year ago, beating expectations among analysts polled by Refinitiv.\n“We think much of this will be repeated in H2 in the absence of a sector momentum shift: as long as the sector performs, LVMH will perform better,” wrote brokerage Jefferies, which kept a ‘buy’ rating on LVMH shares.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809283222,"gmtCreate":1627372886766,"gmtModify":1703488602339,"author":{"id":"3582072891665879","authorId":"3582072891665879","name":"Jimmyboy","avatar":"https://static.tigerbbs.com/cb9d5d497bceb3edaca216e9eeab3c22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582072891665879","authorIdStr":"3582072891665879"},"htmlText":"Please like and comment.","listText":"Please like and comment.","text":"Please like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/809283222","repostId":1175986847,"repostType":4,"repost":{"id":"1175986847","kind":"news","pubTimestamp":1627371958,"share":"https://ttm.financial/m/news/1175986847?lang=&edition=fundamental","pubTime":"2021-07-27 15:45","market":"us","language":"en","title":"LVMH shares edge higher as sales and profits rise","url":"https://stock-news.laohu8.com/highlight/detail?id=1175986847","media":"Reuters","summary":"PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group ","content":"<p>PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton.</p>\n<p>LVMH shares were up 0.3% in early session trading.</p>\n<p>“We are encouraged by Louis Vuitton and Dior’s exceptional brand positioning across regions and sustained local luxury consumer demand,” wrote brokerage Cowen &amp; Company, which kept an ‘outperform’ rating on LVMH shares.</p>\n<p>The luxury goods industry is recovering from the COVID-19 crisis, which shut down global travel and temporarily closed stores, and LVMH has benefited more than most, using its heft to spend on marketing and social media campaigns when some of its smaller rivals are still struggling to get back on their feet.</p>\n<p>Overall sales at LVMH, which also owns champagne and cosmetics labels, rose by 84% year-on-year in the second quarter on a like-for-like basis, which strips out currency swings, and stood at 14.7 billion euros ($17.33 billion).</p>\n<p>Operating profit in the first six months of this year more than quadrupled compared with a year ago, beating expectations among analysts polled by Refinitiv.</p>\n<p>“We think much of this will be repeated in H2 in the absence of a sector momentum shift: as long as the sector performs, LVMH will perform better,” wrote brokerage Jefferies, which kept a ‘buy’ rating on LVMH shares.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLVMH shares edge higher as sales and profits rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 15:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/lvmh-results/lvmh-shares-edge-higher-as-sales-and-profits-rise-idUSFWN2P30JJ><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, ...</p>\n\n<a href=\"https://www.reuters.com/article/lvmh-results/lvmh-shares-edge-higher-as-sales-and-profits-rise-idUSFWN2P30JJ\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LB":"LandBridge Co. LLC"},"source_url":"https://www.reuters.com/article/lvmh-results/lvmh-shares-edge-higher-as-sales-and-profits-rise-idUSFWN2P30JJ","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175986847","content_text":"PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton.\nLVMH shares were up 0.3% in early session trading.\n“We are encouraged by Louis Vuitton and Dior’s exceptional brand positioning across regions and sustained local luxury consumer demand,” wrote brokerage Cowen & Company, which kept an ‘outperform’ rating on LVMH shares.\nThe luxury goods industry is recovering from the COVID-19 crisis, which shut down global travel and temporarily closed stores, and LVMH has benefited more than most, using its heft to spend on marketing and social media campaigns when some of its smaller rivals are still struggling to get back on their feet.\nOverall sales at LVMH, which also owns champagne and cosmetics labels, rose by 84% year-on-year in the second quarter on a like-for-like basis, which strips out currency swings, and stood at 14.7 billion euros ($17.33 billion).\nOperating profit in the first six months of this year more than quadrupled compared with a year ago, beating expectations among analysts polled by Refinitiv.\n“We think much of this will be repeated in H2 in the absence of a sector momentum shift: as long as the sector performs, LVMH will perform better,” wrote brokerage Jefferies, which kept a ‘buy’ rating on LVMH shares.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":809219422,"gmtCreate":1627372296666,"gmtModify":1703488588333,"author":{"id":"3566564994472271","authorId":"3566564994472271","name":"Alvinwong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3566564994472271","authorIdStr":"3566564994472271"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/809219422","repostId":1175986847,"repostType":4,"repost":{"id":"1175986847","kind":"news","pubTimestamp":1627371958,"share":"https://ttm.financial/m/news/1175986847?lang=&edition=fundamental","pubTime":"2021-07-27 15:45","market":"us","language":"en","title":"LVMH shares edge higher as sales and profits rise","url":"https://stock-news.laohu8.com/highlight/detail?id=1175986847","media":"Reuters","summary":"PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group ","content":"<p>PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton.</p>\n<p>LVMH shares were up 0.3% in early session trading.</p>\n<p>“We are encouraged by Louis Vuitton and Dior’s exceptional brand positioning across regions and sustained local luxury consumer demand,” wrote brokerage Cowen &amp; Company, which kept an ‘outperform’ rating on LVMH shares.</p>\n<p>The luxury goods industry is recovering from the COVID-19 crisis, which shut down global travel and temporarily closed stores, and LVMH has benefited more than most, using its heft to spend on marketing and social media campaigns when some of its smaller rivals are still struggling to get back on their feet.</p>\n<p>Overall sales at LVMH, which also owns champagne and cosmetics labels, rose by 84% year-on-year in the second quarter on a like-for-like basis, which strips out currency swings, and stood at 14.7 billion euros ($17.33 billion).</p>\n<p>Operating profit in the first six months of this year more than quadrupled compared with a year ago, beating expectations among analysts polled by Refinitiv.</p>\n<p>“We think much of this will be repeated in H2 in the absence of a sector momentum shift: as long as the sector performs, LVMH will perform better,” wrote brokerage Jefferies, which kept a ‘buy’ rating on LVMH shares.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLVMH shares edge higher as sales and profits rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-27 15:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/lvmh-results/lvmh-shares-edge-higher-as-sales-and-profits-rise-idUSFWN2P30JJ><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, ...</p>\n\n<a href=\"https://www.reuters.com/article/lvmh-results/lvmh-shares-edge-higher-as-sales-and-profits-rise-idUSFWN2P30JJ\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LB":"LandBridge Co. LLC"},"source_url":"https://www.reuters.com/article/lvmh-results/lvmh-shares-edge-higher-as-sales-and-profits-rise-idUSFWN2P30JJ","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175986847","content_text":"PARIS (Reuters) - LVMH’s shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton.\nLVMH shares were up 0.3% in early session trading.\n“We are encouraged by Louis Vuitton and Dior’s exceptional brand positioning across regions and sustained local luxury consumer demand,” wrote brokerage Cowen & Company, which kept an ‘outperform’ rating on LVMH shares.\nThe luxury goods industry is recovering from the COVID-19 crisis, which shut down global travel and temporarily closed stores, and LVMH has benefited more than most, using its heft to spend on marketing and social media campaigns when some of its smaller rivals are still struggling to get back on their feet.\nOverall sales at LVMH, which also owns champagne and cosmetics labels, rose by 84% year-on-year in the second quarter on a like-for-like basis, which strips out currency swings, and stood at 14.7 billion euros ($17.33 billion).\nOperating profit in the first six months of this year more than quadrupled compared with a year ago, beating expectations among analysts polled by Refinitiv.\n“We think much of this will be repeated in H2 in the absence of a sector momentum shift: as long as the sector performs, LVMH will perform better,” wrote brokerage Jefferies, which kept a ‘buy’ rating on LVMH shares.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5344502,"gmtCreate":1627373110837,"gmtModify":1663231562143,"authorId":3580564583915483,"author":{"id":3580564583915483,"idStr":"3580564583915483","authorId":3580564583915483,"name":"sharenraj","avatar":"https://community-static.tradeup.com/news/419197abf2e1b3044b4c2d305e844189","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809219422,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"},{"id":5344452,"gmtCreate":1627372760807,"gmtModify":1663231561846,"authorId":3572041120390941,"author":{"id":3572041120390941,"idStr":"3572041120390941","authorId":3572041120390941,"name":"pkycme","avatar":"https://static.tigerbbs.com/2c8abf6e02924915f7b31ba778563bcc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":809219422,"type":1,"supId":0,"prevId":0,"content":"<u>F</u>","text":"<u>F</u>","html":"<u>F</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":47,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}