Occasional Digest

Luxury letdown: LVMH misses organic sales expectations due to China weakness (LVMHF:OTCMKTS)

Louis Vuitton store at Hamad International Airport in Doha, Qatar

winhorse

LVMH (LVMHF) updated investors that third-quarter revenue reached €18.50B, slightly above analysts’ €18.46 billion consensus. Organic sales growth of 1% was reported, down from the 3% pace seen in the second quarter. Strength in the U.S., Europe, and Japan offsets weaker demand in China.

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