LVMH shares dropped as slightly better-than-expected full-year results from the world’s largest luxury company threw doubt over a broader sector recovery.

LVMH earned $88.27 billion in revenue in 2024, a slightly better-than-expected figure that could be signaling a turnaround in the luxury market.

The Hennessy Cognac maker reported underlying operating profit from the division dropped by more than a third.

French luxury conglomerate LVMH saw its stock slide by more than 6% following the Tuesday evening reveal of its 2024 annual results.

LVMH, which is controlled by the family of multibillionaire Bernard Arnault, was a major sponsor of the Summer Games in Paris.

Goldman Sachs analyst Louise Singlehurst maintained a Buy rating on LVMH Moet Hennessy Louis Vuitton (0HAU – Research Report) today and set a

The medals were designed by a jewelry maker owned by the French luxury conglomerate, which has declined to comment on their deterioration.

Barclays analyst Carole Madjo maintained a Buy rating on LVMH Moet Hennessy Louis Vuitton (0HAU – Research Report) today and set a price target

Luxury goods conglomerate LVMH, Europe's largest company by market value, said Tuesday that its net profit fell 17 percent last year to 12.55 billion euros ($13 billion)

LVMH shares drop as profitability for 2024 decreases and company sells back stake in Stella McCartney's fashion label amid luxury demand slump.

Luxury goods conglomerate LVMH, Europe's largest company by market value, said on Tuesday that its net profit fell 17 percent last year to 12.55 billion euros ($13 billion) as sales slipped 2 percent to 84.