LVMH Stock: Is the Party Over for Luxury Goods?
When it comes to market-beating returns, sectors such as technology and software tend to come to mind. However, one of the more under-the-radar industries that has historically been generous to shareholders is luxury goods. One of the most recognizable luxury companies in the world is LVMH Moët Hennessy Louis Vuitton (OTC: LVMHF), home to iconic brands such as Fendi, Tiffany Co., and Tag Heuer.
LVMH just published revenue results through the first nine months of the year. While an initial glance might present the notion that everything is progressing smoothly, a look underneath the hood may tell a different story. Let's dig into the company's financial data and assess if now is a buying opportunity for the stock, or if luxury retail may be in trouble.
The table below illustrates LVMH's revenue by product segment for the first nine months of 2023 and compared to the same period last year.
Source Fool.com
