LVMH Sales Fall 3% in Q1 2025

LVMH on Monday shared its financial results for the first quarter of 2025, revealing that sales fell 3% to €20.3 billion EUR in the three months ending March 31. Per Reuters, the results were well below analysts' expectations of 2% growth, as the conglomerate struggles to buoy amid the ongoing luxury slowdown.The group's key fashion and leather goods division, which houses heavyweight names like Louis Vuitton, LOEWE, Dior, and Fendi, saw sales fall 5%. Notably, analysts forecasted a 0.55% decl...