LVMH shares dropped as slightly better-than-expected full-year results from the world’s largest luxury company threw doubt over a broader sector recovery.

I’m not going to report record revenue, but it was nonetheless a robust year," CEO Bernard Arnault said during the earnings call.

The Hennessy Cognac maker reported underlying operating profit from the division dropped by more than a third.

LVMH earned $88.27 billion in revenue in 2024, a slightly better-than-expected figure that could be signaling a turnaround in the luxury market.

The medals were designed by a jewelry maker owned by the French luxury conglomerate, which has declined to comment on their deterioration.

Goldman Sachs analyst Louise Singlehurst maintained a Buy rating on LVMH Moet Hennessy Louis Vuitton (0HAU – Research Report) today and set a

LVMH, which is controlled by the family of multibillionaire Bernard Arnault, was a major sponsor of the Summer Games in Paris.

Barclays analyst Carole Madjo maintained a Buy rating on LVMH Moet Hennessy Louis Vuitton (0HAU – Research Report) today and set a price target

Luxury goods conglomerate LVMH, Europe's largest company by market value, said Tuesday that its net profit fell 17 percent last year to 12.55 billion euros ($13 billion)

Bloomberg News reported on Friday that the drinks giant is also reviewing the future of its 34% stake in Moet Hennessy, the drinks division of luxury firm LVMH. It comes amid a ... its stake in Moet Hennessy (Moet & Chandon/PA) The company has already ...

LVMH Moët Hennessy - Louis Vuitton, Société Européenne operates as a luxury goods company worldwide. The company offers wines, and spirits under the domaine des Lambrays, Château d'Yquem, Dom ...

Luxury goods conglomerate LVMH, Europe's largest company by market value, said on Tuesday that its net profit fell 17 percent last year to 12.55 billion euros ($13 billion) as sales slipped 2 percent to 84.