The reading of the most recent LVMH earnings results indicated an organic growth of 3%!
LVMH did not provide any formal guidance nor indications, yet the main comments from the conf call were that the pricing impact was +7% on its revenue and that the current market assumptions are very positive.
While the comments point to a heterogeneous landscape in the sector, we consider that LVMH is in an unique market position with an above-average pricing power. Therefore, the sector peers might show up with important shortcomings.