Luxury Group LVMH Plummets Almost 8% After Disappointing Revenues

LVMH (Euronext Paris: MC) published a trading update on April 14, 2025, featuring its figures for Q1/2025. The shares of the luxury goods conglomerate plummeted nearly 8% the following Tuesday morning, as LVMH unexpectedly reported a revenue decline to €20.31 billion (Q1/2024: €20.69 billion). This fell short of analysts’ expectations, which had anticipated slight growth. Wines and spirits are particularly affected The most impacted segment was wines and spirits, which saw a 9% drop in revenue. LVMH pointed to weak demand for Cognac...