LVMH Earnings Show Slower Growth than Bulls Expected -- Market Talk

0936 GMT - LVMH's first-half results reinforce the view that the worst is behind the company, though the pace of improvement is slower than bulls expected, UBS analysts say. Revenue in the French group's fashion and leather goods division grew 1%, below the analysts' 3% estimate. The luxury powerhouse's second-quarter earnings are "unlikely to settle the debate over whether LVMH can return to healthier mid-single-digit sales growth," they say. Though sales and profits beat consensus expectations, the analysts lower their price target for the stock from 650 euros to 645 euros due to broader weakness in the luxuries sector. LVMH shares turn negative after jumping over 2% at the open, falling 1.3% to 460.90 euros. (josephmichael.stonor@wsj.com)

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July 28, 2026 05:36 ET (09:36 GMT)