1 Day
Source:
اقتصاد سكاي نيوز عربية
LVMH Q2 earnings reach $6.5B
LVMH, the world's largest luxury goods company, showed growth in its sales during the second quarter of 2026, surpassing analyst expectations, with net profits remaining stable at €5.7 billion (approximately $6.5 billion) in the first half of the year. Despite a turbulent geopolitical and economic environment, particularly with the conflict in the Middle East, the group delivered a positive performance, supported by successful new designs for its brands, the opening of new stores in Beijing and Seoul, and increased sales in key markets such as Asia and the United States. The second quarter profits and total sales exceeded analyst forecasts, with sales rising by 2% excluding currency exchange fluctuations. The fashion and leather goods sector experienced a 5% decline year-over-year but saw its first seasonal recovery in two years, with a 1% increase in the second quarter.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)