Lvmh Moet Hennessy Louis Vuitton SE
MC: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
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| %L^ | LOCK|!& | LOCK|hS>w^x |
LVMH Earnings: Sales Decline Worsens Sequentially Amid Tough Comparisons
LVMH reported another quarter of declining sales, down 4% year over year, with its largest and most profitable segment, fashion and leather, falling 9%. The group’s operating margin contracted by 3%, and by 4% in fashion and leather, reflecting weak operating leverage.
