The Return of the luxury king!
@Value_investing:
Last Friday, the luxury giant $LVMH-Moet Hennessy Louis Vuitton(LVMHF)$ released its fourth quarter report, with results exceeding expectations. The stock price soared 12.8% in one day, helping the Arnault family regain the title of the world's richest person:Specifically, LV's revenue in the fourth quarter was €23.948 billion, a 5.5% year-on-year increase:After adjusting for exchange rates, mergers and acquisitions, asset divestitures and other factors, LV's fourth quarter revenue organically grew by 10%, beating analysts' consensus expectations of 8.17%.By business, the core leather goods business generated €11.257 billion in revenue, an increase of 4% year-on-year; the selected retail business revenue was €5.454 billion, a 14.7% year-on-year i