LVMH (LVMH); US - LVMUY
Posted: Thu Jun 10, 2021 9:22 pmnot vested
Luxury Stocks: LVMH Moët Hennessy Louis Vuitton (LVMH)
LVMH stock has been on a steady incline in the last couple of months as consumer sales pick up in the U.S. and China.
In the first quarter of 2021, the French company reported a 32% increase in growth at $16.9 billion.
Not only was this value higher than its 2020 revenue but also beat 2019’s reported revenue by 8%.
The general optimism towards stocks in the sector pushed LVMH stock up nearly 30% year-to-date.
As the economy jumps into recovery mode, LVMH is poised to be a strong post-pandemic play. This is because the luxury giant has a strong exposure in China which was among the first nations to be hit by the pandemic.
This also means that Asia was the first region to recover from the pandemic which was good news for LVMH’s sales.
Adding to the market trends that lay in the company’s favor is its strong portfolio of brands. LVHM’s recent acquisition with Tiffany’s and its other in-house brands like Christian Dior and Louis Vuitton have helped further the French retailer’s position in the luxury stocks market.
Source: Investor Place
Luxury Stocks: LVMH Moët Hennessy Louis Vuitton (LVMH)
LVMH stock has been on a steady incline in the last couple of months as consumer sales pick up in the U.S. and China.
In the first quarter of 2021, the French company reported a 32% increase in growth at $16.9 billion.
Not only was this value higher than its 2020 revenue but also beat 2019’s reported revenue by 8%.
The general optimism towards stocks in the sector pushed LVMH stock up nearly 30% year-to-date.
As the economy jumps into recovery mode, LVMH is poised to be a strong post-pandemic play. This is because the luxury giant has a strong exposure in China which was among the first nations to be hit by the pandemic.
This also means that Asia was the first region to recover from the pandemic which was good news for LVMH’s sales.
Adding to the market trends that lay in the company’s favor is its strong portfolio of brands. LVHM’s recent acquisition with Tiffany’s and its other in-house brands like Christian Dior and Louis Vuitton have helped further the French retailer’s position in the luxury stocks market.
Source: Investor Place