lvmh Blog Articles

sephora, neiman marcus traffic

High-End Wobbles? Not yet, insights from LVMH’s results

April 15, 2025

By Thomas Paulson, Head of Market Insights

Following comments from RH two weeks ago that high-end buying patterns had softened, do we see more of that with LVMH reporting a surprisingly soft Q1 sales result? LVMH’s revenue in the US was down -3%, a -600 bps deterioration from Q4’s rate, which...