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LVMH Q3 Revenue Rises 9%, Slowing from Post-pandemic Frenzy

Luxury goods bellwether LVMH reported a 9% rise in third quarter revenue on Tuesday, marking slower growth as inflation and economic turbulence dented shoppers' appetites for high end fashion. LVMH, which owns labels including Louis Vuitton, Dior, Tiffany and Bulgari, said that revenue came to 19.96 billion euros ($21.16 billion), up 9% year-on-year, on an organic basis. That was slightly below a Visible Alpha consensus for 11.5% growth.
United States Louis Vuitton Novo Nordisk Visible Alpha
Source: aawsat.com

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