LVMHF - LVMH: It's All About The Comps Stay Patient Until Q3-24 (Rating Upgrade)
2024-05-19 22:16:26 ET
Summary
- LVMH experienced its first year-over-year revenue decline since Covid, with currency headwinds offsetting organic growth in Q1-24.
- The company's revenue slowdown in Q1-24 raises questions about whether it is a long-term issue or just a matter of normalization.
- The answer to this question will be revealed in Q3-24.
LVMH ( OTCPK:LVMHF ) (LVMUY), one of the best-run conglomerates in the luxury sector, experienced its first year-over-year revenue decline since Covid, as currency headwinds more than offset the company's 3% organic growth in Q1-24.
The big unknown surrounding LVMH right now is whether the revenue slowdown is just a matter of normalization or more of a long-term issue....
LVMH: It's All About The Comps, Stay Patient Until Q3-24 (Rating Upgrade)