LVMH Q2 Revenue Beat on Strength in Wines and Spirits
LVMH reported second-quarter revenue of €19.52 billion, surpassing expectations, driven by a 5% jump in wines and spirits. Organic revenue grew 3%, above the forecast of 2.32%.
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LVMH posted second-quarter revenue of €19.52 billion, exceeding the consensus estimate of €19.34 billion. Organic revenue growth came in at 3%, comfortably ahead of the anticipated 2.32%.
The wines and spirits division stood out with a 5% sales increase, sharply contrasting with the expected decline of 1.94%. However, fashion and leather goods—the group’s largest segment—edged up only 1%, missing the 1.52% forecast.
The results suggest resilient demand in premium beverages, while growth in the core fashion unit is moderating.
Source: First Squawk