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Louis Vuitton Owner Falls Short of Some Investors’ High Hopes

  • LVMH beats analyst expectations for growth, but shares slip
  • Europe, Japan, US help offset poor China performance
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LVMH Sees Sales Surge on Luxury Market Resilience
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LVMH fell slightly short of the high bar the world’s biggest luxury company has set for itself, as continued strong sales from the owner of Louis Vuitton bags and Dom Perignon Champagne failed to impress some investors. 

The French company posted solid results for the second quarter in Europe, the US and Japan but suffered from a poor performance in China due to lockdowns. The shares slipped 2% early Wednesday.