LVMH shares plummet 7% as fourth-quarter results lag competitors
CNBC·2026-01-28 16:23
In this articleBernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a press conference to present the 2023 annual results of LVMH in Paris, France, January 25, 2024.LVMH shares plummeted over 7% in morning trading Wednesday after the French luxury conglomerate reported mixed full-year earnings late Tuesday. Organic revenue grew by 1% in the fourth quarter, flat from the same period a year earlier. Over the full year, revenue declined 1%.Shares were last seen 7.7% lower.Invest ...