The earnings season for luxury delivered a lot of news today with Gucci, Ralph Lauren, Tapestry, and Tapestry’s target Capri all coming to the market with results. As we reported earlier in the week, the market expected another poor outcome from Kering for its full...
So far this earnings season luxury brands, with an exception or two, have beat market expectations for the period of October to December and full year 2023. Ferrari joined the beat-the-expectations club with their earnings announcement today and we even got a bit of a...
The bull market in luxury stocks continued into Monday with every stock in the FSW High Frequency Luxury Monitor All Luxury Index finishing up on a day with some break taking price appreciation: Dior up over 12%, Moncler 9.4%, Kering 6.6%, Cucinelli 6.3%, and...
This was the biggest week of the year for luxury stocks, aided by LVMH’s (slight) overshooting of analysts’ revenue expectations for 2023. Those results, which were released on Thursday, powered LVMH’s share price up by 11.5 percent over Thursday and...
Bernard Arnault did not express any concern about slowing growth at LVMH today, pointing out that its pricing power comes from product mix and pursuing a growth at all costs strategy reduces brand exclusivity. After the close of markets in Paris today, LVMH reported...
Tomorrow we will see the highly anticipated full year 2023 results for LVMH after the market’s close. With a $360 billion valuation, LVMH is by far the largest player in the highly consolidated luxury market and this release will draw broad attention. What...
