Luxury’s Gulf Between Winning and Losing Stocks Is Widening

For Europe’s luxury stocks, this earnings season will hammer home the widening gulf between the winners and the losers.

The industry got off to a promising start with robust earnings from British trenchcoat maker Burberry Group Plc that sent its stock up as much as 9% and better-than-expected sales at Cartier owner Richemont. But upcoming reports from LVMH Moët Hennessy Louis Vuitton SE, Kering SA and Salvatore Ferragamo SpA look less promising.