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European Luxury brand LVMH announces earnings and sees a slowdown in US sales.Asia strong.

European Luxury brand LVMH announces earnings and sees a slowdown in US sales.Asia strong.
The European luxury brand company LVMH, reported Q2 2023 earnings with revenues of 21.21 billion Euros, surpassing the expected 20.6 billion Euros. However, sales in the U.S. fell by 1%. The company stated that it doesn't anticipate further price increases in the near term. Despite the drop in U.S. sales, LVMH expressed satisfaction with its Q2 performance in China.Geographically, sales in Japan increased by 29%, in Asia-excluding Japan by 34%, and in Europe by 19% (vs 24% in Q1). But there was... Read More
Posted: Jul 25 2023, 17:58
Author Name: forexlive
Views: 110298

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