IWT Markets Wire
Real-time market intelligence & data strategy
The It’s A Working Title Markets Wire service (IWT Markets Wire) delivers real-time insights tailored specifically for the luxury industry. By tracking key economic indicators, consumer sentiment, and global market shifts, we provide an exclusive view into the cyclical and structural trends shaping luxury consumer behaviour and purchasing power. IWT Markets Wire produces forecasts for the industry using our own structural, econometric forecasting model as well as select machine learning algorithms to explore consumer trends across developed and emerging market economies. We also prepare our own All Luxury stock market index to give a clear picture on major industry market movements.
Momentum continues for luxury equities apart from Kering, which lost steam on the same day as Sabato De Sarno’s second Gucci show at Milan FW24
Our FSW High Frequency Luxury Monitor finished up 3.2 percent on the week, driven by broad based price appreciation across the index's 18 constituent luxury stocks. The biggest gainers were Zegna (up 6.8 percent after its strong preliminary FY23 earnings report)...
Zegna posts a huge FY 2023
The Zegna Group, about eight months after the addition of Tom Ford Fashion, delivered spectacular preliminary FY23 revenues numbers on February 21. Annual revenue growth came in at 27.6 percent after a monster Q4 of 40.1 percent growth. Even if we focus on just...
Hermès’ FY23 earnings support shows that a focus on high-net worth consumers pays off in this market for soft luxury
With the release Hermès’ FY23 results today, we have now seen the release of most of the major luxury firm’s results this earnings season. We still have a few to go, but we can start to draw some lessons. Going into earnings season, the markets expected that...
Gucci delivers the anticipated bad news while Tapestry and Ralph Lauren over-perform
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...
Ferrari Races Ahead of the Rest of the Luxury Industry
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...
A bull market in luxury stocks in beginning to form
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...
After a strong 2023 earnings report, LVMH’s share price powered past the S&P500 for the year
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 Friday (as...
At today’s 2023 investors’ call Bernard Arnault expressed no concern of slowing growth at LVMH
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...
Ahead of LVMH’s full year 2023 earnings release tomorrow, analysts expect a weak annual growth rate
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 should we...
Our new weighted luxury stock market index shows the industry trailing the broader market heading into earnings season
Most "luxury" oriented ETFs include a wide universe of companies that many would not regard as luxury. Though what brands comprise luxury versus premium and so forth is not set in stone, many ETFs include firms such as Tesla and Nike which probably would not fit most...