Earnings Alerts

Lvmh Moet Hennessy Louis Vuitton (MC) Earnings: Fashion & Leather Goods Sales Fall Short in 3Q Report

By October 15, 2024 No Comments
  • Overall organic revenue for LVMH in Q3 declined by 3%, missing the growth estimate of +0.93%.
  • Fashion & Leather Goods, a key segment for LVMH, saw a 5% drop in organic sales, falling short of the expected +0.48% growth.
  • The Wines & Spirits segment recorded a 7% decrease in organic sales, more than the estimated decline of 2.41%.
  • Perfumes & Cosmetics experienced a 3% rise in organic sales, but this was below the projected increase of 4.26%.
  • Organic sales in Watches & Jewelry fell by 4%, slightly worse than the expected drop of 3.71%.
  • Selective Retailing showed a 2% increase in organic sales, missing the forecasted growth of 5.09%.
  • Total revenue was EU19.08 billion, marking a 4.4% year-over-year decrease and underperforming the estimated EU20.05 billion.
  • Revenue from Fashion & Leather Goods was EU9.15 billion, down 6.1% year-over-year, missing the estimate of EU9.74 billion.
  • The Wines & Spirits revenue reached EU1.39 billion, an 8.2% year-over-year decline, below the estimated EU1.47 billion.
  • Perfume & Cosmetics brought in EU2.01 billion in revenue, a 1% year-over-year increase, falling short of the anticipated EU2.07 billion.
  • Watches & Jewelry revenue was EU2.39 billion, down 5.5% year-over-year, slightly below the estimate of EU2.43 billion.

A look at Lvmh Moet Hennessy Louis Vuitton Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Given the Smartkarma Smart Scores for LVMH Moet Hennessy Louis Vuitton, the outlook for the luxury goods group appears to lean towards positive in the long-term. With a Growth score of 4, the company seems well-positioned for future expansion and development within the luxury market. Its Resilience and Momentum scores of 3 indicate stability and consistent performance, suggesting it may weather economic downturns and sustain steady growth over time. While the Value score is at 2, and the Dividend score at 3, they still show promising signs for potential investment returns and shareholder rewards in the coming years.

LVMH Moet Hennessy Louis Vuitton SE is recognized as a diverse luxury goods conglomerate, offering a range of products from wine and cognac to perfumes, cosmetics, luggage, and jewelry. With an overall positive outlook based on the Smartkarma Smart Scores, investors may find confidence in the company’s growth potential, resilience, and momentum within the luxury market. These scores provide insights into the company’s fundamental strengths and operational efficiency, indicating a promising long-term outlook for LVMH Moet Hennessy Louis Vuitton.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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