JPMorgan: LVMH Can Rely on Cost Control to Offset Revenue Fluctuations

Glonghui, January 28th｜JPMorgan analysts pointed out in a research report that although LVMH Group's performance in the fourth quarter and full year of 2025 was mixed, it demonstrated strict cost control capabilities, which can help offset revenue fluctuations. The analysts stated that although the French luxury giant's fourth-quarter sales were generally in line with JPMorgan's expectations, they may still fall short of investors' expectations. Better-than-expected profitability may bring short-term relief, but due to volatile sales growth and valuations still above historical averages, the stock is expected to remain range-bound for now.