French LVMH Revenue Is Lower Than Expected In The First Quarter, And Clothing Growth Momentum Is Not Enough.

According to the results of the first quarter, LVMH in France was lower than expected in the first quarter because of insufficient impetus for the growth of fashion and leather goods.

Luxury group LVMH announced its first quarter earnings, operating revenue grew 4%, recorded 86.2 euros and 9 billion 800 million U.S. dollars, lower than analysts expected, the group pointed out that, due to European social instability, the group's LV, Givenchy, Celine and Marc Jacobs brands such as fashion leather sector growth is weak.

What is noteworthy is that under the group's banner

And leather sector performance has not improved, less than 2.5% of analysts' expected growth in revenue.

Some analysts pointed out that the luxury goods manufacturer will face a difficult year.

The terrorist attacks and new biometric visa requirements in Paris and Brussels are affecting sales revenue in Europe, and strong.

And weak consumer confidence has been compromised, the demand for luxury goods in the US has collapsed, and the group will slowly expand in mainland China and Hongkong, and begin to shut down unreasonable stores.

The LVMH group described its performance in Asia as "changeable", while in France it was negatively affected by the decline in the number of tourists.