welcome
CNBC

CNBC

Business

Business & Economics

Luxury bellwether LVMH drops 8% on sales miss, dragging peers down

CNBC
Summary
Nutrition label

85% Informative

Shares of LVMH plunged 7% on Tuesday morning after the world's largest luxury group posted an unexpected decline in first-quarter sales.

Sales were "overall below the most conservative buyside expectations," Citi analysts said.

Wines and spirits saw the sharpest revenue decline, down 9% , as it flagged weaker demand in the U.S. and China for cognac.

VR Score

92

Informative language

97

Neutral language

52

Article tone

formal

Language

English

Language complexity

60

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

no affiliate links

Small business owner?

Otherweb launches Autoblogger—a revolutionary way to bring more leads to any small business, using the power of AI.