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LVMH’s Q3 18% Sales Increase Adds Optimistic Outlook for Luxurygoods Sales

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Paris—If there’s a company that’s rightfully bullish on luxurygoods sales, it’s LVMH, which today reported 18% increase in its third quarter earrings to 6.01 billion euros (about $8.23 billion) Excluding currency swings and acquisitions, the sales increase beat analysts’ estimates for 5.85 billion euros for the quarter. Noting a continuation …

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European Stocks Rise as LVMH, Burberry Report Sales Gains

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LVMH Q1 Sales Rise 17%, Strong Across All Categories Paris—LVMH, the world’s largest luxurygoods conglomerate, reported Monday that first-quarter revenue jumped 17% to 5.25 billion euros ($7.47 billion), with operations in the United States, Europe and Asia all enjoying “strong momentum.” LVMH’s sales beat beating analyst expectations for 4.95 billion …