- Aprile 28, 2022
- Posted by: Oliver
- Categoria: Economics, Finance & accounting
On April 12, Louis Vuitton reported a good start for the first quarter of 2022. Revenue increased 29% over the prior year to €18 billion. Barring Wines & Spirits, all verticals of the company witnessed double-digit growth in this period.
Importantly, along with double-digit growth in the U.S. and Europe, Louis Vuitton also recorded growth in Asia despite tighter restrictions in China. Further, the company’s largest vertical, Fashion & Leather Goods, recorded a 35% growth over the prior-year period.
Moreover, amid a challenging backdrop, the company saw an excellent performance at Tiffany & Co, Bulgari, as well as its Perfumes and Makeup vertical. While robust demand in Europe and Japan helped Champagne volume increase 14%, Hennessy’s volume decreased 18%, owing to logistics challenges and the impact of COVID-19.
Shares of the company are down 22.5% so far this year. The stock has a price/earnings multiple of 25.4 and a price/sales ratio of 5.0 and seems to be priced similarly to Compagnie Financiere Richemont.
Louis Vuitton currently has a TipRanks Smart Score of 4 out of 10. Hedge funds and retail investors seem to share different opinions about Louis Vuitton stock as well. Hedge funds have decreased holdings in the company by 321,000 shares in the last quarter.
However, TipRanks data indicates the number of TipRanks portfolios holding Louis Vuitton has increased 2.4% in the past 30 days.
