LVMH Said to Warn of Continued Luxury Weakness Amid China Woes
LVMH is said to be warning investors and analysts that demand trends in the current quarter remain soft after the luxury conglomerate missed revenue estimates for the first three months of the year.
With a view to manage expectations, LVMH Moët Hennessy Louis Vuitton SE is putting out cautious signals on second-quarter trends amid lackluster consumer confidence, particularly in China, according to people familiar with the matter who declined to be identified discussing information that's not public. Some of the people suggested the company's current quarter may show no improvement over the previous one.
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