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[Miser]Hi Tigers[Cool]

Do you often consume luxury brand or goods?

In this article, we collected the top 17 luxury goods companies Q422 or FY22 financial data, knowing that 12 of 17 companies see sales increased YoY and, most of the 17 companies see net profit increased YoY as well.

The Bain & Company Luxury Study had pointed in late 2022, that the overall global luxury goods industry is projected to achieve a market value of around $242.8 Billion in sales in 2022, up 21% from the previous year.

Source from Web

1. What does the increase of global luxury consumption mean?

We all know luxury goods consumption belongs to non-essential consumer goods industry, which is a cyclical industry highly connects to economic situation, when the economy goes down, the willingness to consume luxury good will decline.

Over the past few quarters, global luxury sales growth has remained very strong, and the growth of the luxury industry has shown a fairly strong/positive correlation with global GDP. In addition, the growth of the luxury industry is also related to the equity market, consumer confidence, tourist flow and currencies rate volatile.

Luxury goods can be divided into soft luxury goods and hard luxury goods. The former mainly includes leather accessories, perfume, cosmetics, bags, etc, while the latter mainly includes jewelry, furniture, electronics, appliances, tools, etc.

For the current year 2023，HSBC believes that hard luxury may faces higher risks in 2023 compare to soft luxury goods.

For future forecast, the Deloitte Research Report pointed out that the global market for Luxury Goods is projected to reach a revised size of $369.8 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2022-2030.

In of detailed segmented global market perspective:

• China, the world's second largest economy, is expected to grow at a CAGR of 7.3%,

• The markets of Japan and Canada are expected to grow by 4.2% and 5.6%, respectively, between 2022 and 2030.

• In Europe, Germany is projected to grow at a CAGR of approximately 4%.

From a specific industry perspective:

The apparel industry will have a consistent growth rate of 6.7%, while the growth of the cosmetics and fragrance sector is readjusted to a revised CAGR of 5.6% over the next 8 years.

2. Full revenue and Net Profit of 17 companies from public data are as follows:(welcome to comment on which brands are on your wish list to win rewards)

Note: The starting time of the fiscal year of each major company is different from the natural year, so there will be situations where the fiscal quarter, year, etc. are inconsistent with the natural year. Each company may announce its results on a quarterly or semi-annual basis.

by Millionaire_Tiger

Luxury goods giant $LVMH-Moet Hennessy Louis Vuitton(LVMUY)$ 's 2022 full-year operating income and net profit both hit new highs in the company's history. The annual revenue of fashion and leather goods was 38.648 billion euros, a YoY increase of 25%. The boutique retail business revenue was 14.852 bln euros, a YoY increase of 26%. Watches and jewelry revenue was 10.581 bln euros, an increase of 18% YoY. Perfume and cosmetics revenue was 7.722 billion euros, a year-on-year increase of 17%. Alcohol revenue was 7.099 billion euros, a year-on-year increase of 19%.

French luxury goods giant Kering Group’s revenue fell 7% YoY in the Q4 2022, mainly due to a 14% decline in revenue from its brand Gucci (the decline in the Chinese market) to about 2.73 bln euros. Saint Laurent’s revenue increased by 4% YoY to 903 mln euros, and Bottega’s revenue increased by 6% to 469 mln euros.

Source：luxottica.com

Essilor Luxottica Is A Combination Of Value And Growth，Essilor Luxottica's 2022 annual revenue in the professional field is 11.77 bln euros, and the consumer field revenue is 12.724 bln euros. In the fourth quarter, the professional field revenue was 2.905 bln euros, and the consumer field revenue was 3.201 bln euros.

Hermès' full-year operating profit rose to 4.7 bln euros in 2022, from 3.53 bln euros a year earlier. Among them, revenue in the Q4 was 2.99 bln euros (about 3.24 billion U.S. dollars), compared with 2.38 billion euros in the same period last year.

PVH brands

Tommy Hilfiger and Calvin's parent company announced their financial reports for the fourth quarter ended January 29, 2023: In terms of subdivided brands: Tommy Hilfiger's revenue was $1.341 billion, and Calvin Klein's revenue was $1.021 billion. Net income attributable to the company for the quarter was $139 million, compared to $391 million in the same period last year.

Swiss luxury goods giant Richemont reported slower sales growth for the fiscal third quarter ending 2022 and missed market expectations as sales in Asia-Pacific markets outside Japan fell. Revenue in the quarter was $5.85 bln, a +5% YoY. Its core jewelry division's quarterly sales rose 8%, leading the company's performance growth. Affected by the new crown epidemic, sales in the Asia-Pacific region (excluding Japan) fell by 9% YoY.

Swatch Groups' net sales in 2022 about $8.18 bln, a +2.5% YoY. Full-year operating profit was CHF 1.158 bln, a +13.4% YoY, the net profit attributable to the Group for the year was CHF 807 million, a +5.5% YoY.

3. Reply to Win Prizes:

Welcome to leave a message in the comment area about what companies or brands do you like？

What product of which brand is on your wish list？

🎁Prizes:

All valid comments will be rewarded with 5 Tiger coins

TOP 10 popular comments will be rewarded 10 Tiger coins

⏰Duration

29 March 2023- 7 April 2023