LVMH Q3 2024 hot takes on earnings release
Hold onto your hats, folks, because LVMH is dropping some serious numbers!
While LVMH is still raking in the dough, it's true that those growth numbers are starting to look a little more "normal" compared to the past few years. Remember when everyone was flush with cash thanks to lockdown savings and a booming stock market? Yeah, those were the days! Now that things are settling down, those crazy growth spurts are easing up a bit. But hey, steady growth is still growth, right? 📈
Think of it like this: LVMH went on a wild shopping spree during the pandemic, snapping up luxury brands like they were going out of style. Now, they're focused on integrating those new acquisitions and making sure they all shine as brightly as possible. It's like they're hosting a fancy dinner party and making sure all their guests feel like VIPs. 🥂
So, while the numbers might not be as eye-popping as before, LVMH is still playing the long game. They're building a luxury empire that will stand the test of time, one handbag, champagne flute, and perfume bottle at a time. 👑
Let's break it down:
Wines & Spirits 🍾: Up 10% organically! Looks like everyone's celebrating with a glass of Moët & Chandon. 🥂
Fashion & Leather Goods 👜: A solid 8% organic growth. Birkin bags for everyone! (Well, maybe not everyone...) 💁♀️
Perfumes & Cosmetics 💄: A respectable 4% organic growth. Smelling good is always in style. ✨
Watches & Jewelry ⌚: Down 3% organically. Maybe everyone's saving up for that Tiffany engagement ring? 💍
Selective Retailing: Dipped by 1% organically. But Sephora is still the queen of makeup, so no worries there. 👑
Even Bernard Arnault, LVMH's CEO, is feeling the good vibes: "LVMH demonstrated good resilience in the first nine months of 2024, in a context that remains uncertain. The strength of our Maisons, the desirability of their products, and the agility of our organization all contributed to these performances." (Translation: "We're awesome, and we know it.") 😎
So, what's the takeaway? LVMH is basically a money-making machine, churning out luxury goods faster than you can say "Dior saddle bag." They're proving that even in tough times, people still want to treat themselves to the finer things in life. 💅
Got any more burning questions about these dazzling numbers? Hit me with 'em! 🎤