Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.
We have gathered 15 Key Insights from the earnings call and slide deck. Let's dive in![]()
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1. Asia, particularly China, is now bouncing back rapidly after a long period of restrictions:
1. Asia, particularly China, is now bouncing back rapidly after a long period of restrictions:
![Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.](https://ussnsimg.moomoo.com/feed_image/70040946/66d68b5a62cd397db6df0102d0a5649a.png/bigmoo)
2. Both in-store traffic and the online business is picking up in the previously troubled China:
![Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.](https://ussnsimg.moomoo.com/feed_image/70040946/156f786326f3371e9eb965123091a9c3.jpg/bigmoo)
3. Revenue growth by Geography:
![Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.](https://ussnsimg.moomoo.com/feed_image/70040946/8e8ceed4d91930238b0efd2728d9fb0f.jpg/bigmoo)
4. Organic growth by Business Group:
![Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.](https://ussnsimg.moomoo.com/feed_image/70040946/50e6151fc75139faac768c71fbf56d43.jpg/bigmoo)
5. $LVMH was asked if the growth in Q1 was mainly attributable to price increases, but CFO Jean-Jacques implies that volume is still a key growth component:
![Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.](https://ussnsimg.moomoo.com/feed_image/70040946/6d1484c072ad3753a6eae5d1185110e2.jpg/bigmoo)
6. And here's another excerpt on how to think about $LVMH's price increases in 2023:
![Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.](https://ussnsimg.moomoo.com/feed_image/70040946/7381a6d4ff213a6c9e3870496727569e.png/bigmoo)
7. Although, Jean-Jacques does not seem worried about the strength of the Hennessy brand:
![Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.](https://ussnsimg.moomoo.com/feed_image/70040946/aaf28b0dbb49313fb524c15d14a3a8ab.png/bigmoo)
8. Champagne & Wines saw very strong growth though:
![Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.](https://ussnsimg.moomoo.com/feed_image/70040946/b35f2865c79d3665abc795dbae0a6963.jpg/bigmoo)
9. $LVMH also mentioned the reopening of Tiffany's iconic flagship store on Fifth Avenue in New York after its four-year reconstruction. Apparently, this one location accounted for roughly 10% of Tiffany's sales a few years ago, according to the previous management team.
![Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.](https://ussnsimg.moomoo.com/feed_image/70040946/d9f2649699fe384c9db79532c72703ee.jpg/bigmoo)
10. On $LVMH's delayed "margin explosion" strategy:
![Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.](https://ussnsimg.moomoo.com/feed_image/70040946/d566db2b9247308d866b9d3e15432be6.jpg/bigmoo)
11. The answer is no, and it isn't the first time they get asked, says Jean-Jacques:
![Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.](https://ussnsimg.moomoo.com/feed_image/70040946/b512651c4f48339ca875728a9c224ea0.png/bigmoo)
12. Louis Vuitton is blurring the boundaries between distribution, marketing and product strategies:
![Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.](https://ussnsimg.moomoo.com/feed_image/70040946/1653923a11d63807ad28f54af7820eef.png/bigmoo)
13. Fashion & Leather Goods highlights:
![Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.](https://ussnsimg.moomoo.com/feed_image/70040946/b46d09e2d11e3d2c933120cdab6d661c.jpg/bigmoo)
14. Selective retailing, led by Sephora, grew +28% organically in the first quarter:
![Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.](https://ussnsimg.moomoo.com/feed_image/70040946/b95d15f189a73656b4110df53564a01a.jpg/bigmoo)
15. Despite the troublesome macro environment, $LVMH is very excited for the rest of the year:
![Luxury companies all over Europe are up today, following yesterday's $LVMH Q1 report.](https://ussnsimg.moomoo.com/feed_image/70040946/e5091dff9bea337e908353426cd95b32.png/bigmoo)
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