lvmh--big

Moët Hennessy Louis Vuitton (LVMHF)

(LVMHF)

OTC

Recommendation:

Buy

Share Price:

USD

Market Cap:

$

LVMH: Living the High Life

25 October 2022

LVMH reported strong Q3 results, tallying up revenues of 19.76B euros vs. analyst estimates of 18.83B euros. Its nine-month results grew 28% YoY (20% organic growth, +8% currency-related). All its segments reported double digit growth; in particular fashion & leather goods continues to grow well (though decelerated +10% from Q1) and demand for watches and jewelry continues apace, suggesting the company’s recent acquisition of Tiffany is working well.

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Recommendation:

Buy

Share Price:

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Market Cap:

$

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