LVMH Sales Beat Analysts’ Estimates on Demand for Leather Goods

LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, said first-quarter sales rose 17 percent, beating analysts’ estimates, as wealthy customers bought more Givenchy handbags and Hublot watches.

Revenue increased to 5.25 billion euros ($7.46 billion) from 4.47 billion euros a year earlier, the Paris-based company said today. That compared with the 4.98 billion-euro average estimate of six analysts compiled by Bloomberg. Excluding acquisitions and currency shifts, sales climbed 14 percent.