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Add as a preferred source on GoogleLVMH Reports 1% Organic Sales Growth as China Demand Weakens
Third-quarter revenue reached €18.50 billion, narrowly above the €18.46 billion consensus estimate, while growth slowed from 3% in the second quarter.
LVMH posted third-quarter revenue of €18.50 billion as organic sales growth slowed to 1%, with weaker demand in China contributing to the deceleration from the previous quarter.
Revenue narrowly exceeded the €18.46 billion consensus estimate. Organic sales growth was 3% in the second quarter.
Performance in the U.S., Europe and Japan offset weaker demand in China during the quarter.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.