LVMH, the world’s largest luxury conglomerate, reported higher-than-expected sales for the year's final quarter despite being nearly flat year over year.
The company’s revenues were down 2% to €84.7 billion ($88.3 billion) in 2024 compared to a year earlier. This was marginally higher than Visible Alpha's consensus expectations for flat sales. Net profit for the year dipped 17%, driven by the wine and spirits segment, which includes Moët & Chandon and Veuve Clicquot.
