LVMH Exceeds Q3 Revenue Estimates Despite China Fashion Sales Weakness
UKPulse Money Desk
LVMH has reported third-quarter revenue that surpassed estimates, even as its fashion sales experienced a decline due to weakness in China.
- LVMH's Q3 revenue exceeded estimates.
- Fashion sales for LVMH slipped in Q3.
- The decline in fashion sales is attributed to weakness in China.
Luxury goods conglomerate LVMH has announced that its third-quarter revenue has edged past analyst estimates. This performance comes despite a reported slip in fashion sales during the same period.
The decline in fashion sales is linked to ongoing weakness within the Chinese market, according to the company's update.