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2025-04-15 07:28:19
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cnbc.com_5 on Nostr: CNBC World ✍️ LVMH, the world's largest luxury group, reported a 3% decline in ...



✍️ LVMH, the world's largest luxury group, reported a 3% decline in first-quarter sales, missing expectations, and shares plunged 8%.
👉 LVMH reported a 3% year-on-year decline in first-quarter sales
👉 Wines and spirits saw a 9% revenue decline
👉 Fashion and leather goods sales slid 5%
👉 Watch sales were flat
👉 Kering, Burberry, and Richemont also reported declines in their shares

#CecileCabanis #ThomasChauvet #MaheshMohankumar #DonaldTrump #Tokyo #Japan #U.S. #China #business


Sales were "overall below the most conservative buyside expectations," Citi analysts said, with wines and spirits suffering the sharpest decline.
https://www.cnbc.com/2025/04/15/lvmh-sales-miss-as-tariff-uncertainty-threatens-to-hit-wealthy-shoppers.html

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