LVMH reported that sales growth accelerated in the second quarter, with net profit stable at 5.7 billion euros in the first half. First-half sales dipped 3 percent to 38.6 billion euros, while second-quarter sales edged 0.1 percent higher to 19.5 billion euros, beating analyst expectations. On a comparable basis, which strips out currency effects and business changes, sales rose 2 percent in the first half and 3 percent in the second quarter. The main fashion and leather goods business saw its first quarterly comparable sales gain in two years, rising 1 percent in the second quarter. Comparable sales rose 6 percent in Asia excluding Japan and 4 percent in the United States, while Europe was flat.
LVMH Moët Hennessy - Louis VuittonLVMH reported Q2 sales beat expectations, with comparable sales up 3% and fashion/leather goods returning to growth, signaling improved demand.
Christian Dior SELVMH's sales growth accelerated in Q2, with fashion/leather goods seeing first quarterly gain in two years, indicating stronger end-customer demand.