Check out our new Timeline feature to give you the latest updates on all the stocks you follow. Clickhere to set up your Timeline.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksLVMH Share News (MC.PA)

Share Price Information for LVMH (MC.PA)

Euronext Paris
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 687.80
Bid: 686.00
Ask: 694.00
Change: -2.20 (-0.319%)
Spread: 8.00 (1.166%)
Open: 687.90
High: 691.10
Low: 672.00
Prev. Close: 685.20
MC.PA Live PriceLast checked at -
  • This share is an international stock.

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

LVMH shares slump on weak Q3 sales, hitting luxury sector

Wed, 16th Oct 2024 08:03

PARIS, Oct 16 (Reuters) - Shares in LVMH slumped lower on Wednesday, knocking back the broader luxury goods sector, after the French luxury goods giant reported a 3% fall in third-quarter sales.

LVMH shares were down around 7 percent in early session trading. Shares in its French rival Kering, whose brands include Gucci, and Burberry were also dragged down as LVMH slid on the stock market.

LVMH posted its sales late on Tuesday, with the world's biggest luxury group undershooting estimates in its first decline in quarterly sales since the pandemic as demand in China and Japan weakened, likely exacerbating investor worries.

LVMH generated 19.08 billion euros ($20.8 billion) in revenue for the three months ending in September, a 3% fall on an organic basis, stripping out the effect of currencies, acquisitions and divestitures.

"LVMH's Q3 trading update failed to reassure, suggesting that trends are actually softer than feared," wrote investment bank JP Morgan, which kept a 'neutral' rating on LVMH.

More News
26 Jan 2023 09:40

Financial firms lift STOXX 600 as beverage makers provide drag

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

Read more
26 Jan 2023 07:47

European futures tick up as earnings trickle in

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

Read more
25 Jan 2023 16:40

Europe Inc earnings offer market optimists more hope

ASML results exceeded expectations

*

Read more
19 Jan 2023 16:20

Richemont, Burberry optimistic about China luxury sales

LONDON/ZURICH, Jan 18 (Reuters) - Burberry said it was optimistic consumers in China would start spending again and Richemont saw a rebound there before the holiday, helping offset three years of upheaval from the government's strict COVID-19 lockdowns and soaring infections.

Read more
19 Jan 2023 16:19

Luxury eyes focused on China after Richemont's Q3 sales miss

Q3 sales rise by 8% but miss market forecasts

*

Read more
19 Jan 2023 12:53

A tale of two FTSEs

STOXX 600 down 1.5%

*

Read more
19 Jan 2023 12:15

The strange case of UK labour market resilience

STOXX 600 down 1.45%

*

Read more
19 Jan 2023 11:44

How would inflation look if the ECB had acted sooner?

STOXX 600 down 1.3%

*

Read more
19 Jan 2023 10:22

The case to stay exposed to low leverage stocks

STOXX 600 down around 1%

*

Read more
17 Jan 2023 17:21

European shares close up after report says ECB considering smaller rate hikes

ECB news lifts sentiment at close

*

Read more
17 Jan 2023 13:20

Did Europe dodge a recession this winter?

STOXX 600 down 0.1%

*

Read more
17 Jan 2023 11:31

The pitfalls of holding cash

STOXX 600 down 0.2%

*

Read more
11 Jan 2023 17:17

European shares rise on bets of easing rate hikes; Direct Line plunges

LVMH up after management reshuffle

*

Read more
2 Jan 2023 17:02

European shares start 2023 on upbeat note on encouraging factory data

Euro zone factories' darkest days likely over, Dec PMIs show

*

Read more
30 Dec 2022 17:07

European shares fall, record worst year since 2018

Energy top performer this year, real estate lags

*

Read more

Make Better Investment Decisions

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.