What to expect from LVMH’s upcoming earnings report
- LVMH expected to report sales of 85.83 billion euros for 2023
- Net profit forecasted at 15.72 billion euros
- Shares fell nearly 22% in the last six months
- Investors looking for outlook on 2024 growth
- Demand for luxury goods slowing, but higher-end customers still supporting growth
- Focus on divergences in demand across categories and brands, particularly in Fashion & Leather Goods division
LVMH Moet Hennessy Louis Vuitton is set to release its 2023 results, and here’s what you need to know: – Sales are expected to reach 85.83 billion euros, compared to 79.18 billion euros in 2022. – Net profit is forecasted at 15.72 billion euros, up from 14.08 billion euros the previous year. – LVMH’s shares have fallen nearly 22% in the last six months, as investors worry about slowing sales growth in the luxury industry. – Investors will be closely watching the company’s outlook for 2024, with expectations of a significant step up in growth estimates for the second half of the year. – While demand for luxury goods is slowing, higher-end customers with greater spending power continue to support the sector’s growth. – Fashion & Leather Goods, home to brands like Louis Vuitton and Dior, will be a key focus for investors, as they analyze divergences in demand across categories and brands. Stay tuned for LVMH’s earnings report to gain more insight into the company’s performance and future prospects.
Public Companies: LVMH Moet Hennessy Louis Vuitton (LVMH), Novo Nordisk (NVO)
Private Companies: undefined, undefined
Key People: Matt Garland (Analyst), Shwetha Ramachandran (Analyst)
Factuality Level: 8
Justification: The article provides specific information about LVMH’s expected sales and profit for 2023, as well as comparisons to previous years. It also includes commentary from Deutsche Bank analysts about the outlook for 2024 and the demand for luxury goods. The information is sourced from FactSet and Visible Alpha, which are reputable sources for financial data. However, the article does not provide any counterarguments or alternative perspectives, which could limit its overall factuality level.
Noise Level: 7
Justification: The article provides information on LVMH’s sales and profit forecasts for 2023, as well as the performance of its shares in the past six months. It also mentions key factors to watch, such as the outlook for 2024, the demand from high-end customers, and the performance of the Fashion & Leather Goods division. However, the article lacks in-depth analysis, evidence, and actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: LVMH Moet Hennessy Louis Vuitton
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article provides financial information about LVMH’s sales and profit forecasts for 2023. It also mentions the performance of LVMH’s shares and the expectations for the luxury sector. However, there is no mention of any extreme events or their impact.
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