LVMH Might Have Turned a Corner -- Market Talk
Dow Jones2026/07/28 05:430542 GMT - LVMH's improving sales and profitability suggest the Louis Vuitton owner might have reached an inflection point, Citi analysts say in a note. Investor concerns that the French luxury conglomerate's biggest brands were underperforming hit its shares over the past two years, Citi says. But organic sales growth at LVMH's core fashion-and-leather goods business accelerated in the second quarter from the first, and the group's operating profit for the first half as a whole beat expectations, the analysts say. "The stabilization in earnings since [last year's third-quarter] sales print last October, together with resilient [first-half] sales outside the Middle East, particularly among U.S. and Asian consumers, supports our view that LVMH has reached an inflection point in sales momentum and profitability," they add. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
July 28, 2026 01:43 ET (05:43 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
British Pound tumbles below 1.33 post hot US CPI, Fed hawkish rhetoric
Morgan Stanley warns: old storage prices are peaking, supply and demand may turn relaxed by 2028
Morgan Stanley pointed out that after the U.S. midterm elections, it is expected that about 20% of the new data center capacity in the United States originally planned for 2028 will be postponed to 2029. This may cause a "gap" in the supply chain in 2028, resulting in the risk of excess inventory of legacy storage. Legacy storage is less bound by long-term fixed price contracts, so a narrowing supply-demand gap could lead to significant price fluctuations. The above analysis refers only to legacy storage, including DDR3/4, SLC/MLC NAND, and NOR flash.
Crypto prices
More
