LVMH Q2 sales climb 19%, offsetting slower China
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LVMH (LVMUY) Reports "Excellent" First Half - Revenue Rises 21%
July 26, 2022 12:15 PM EDTLVMH (OTC: LVMUY) reported earnings for the first half of the year on Tuesday, with revenue climbing 21% year over year.
The luxury goods company described its first half as "excellent," posting revenue of 36.7 billion, with all business groups achieving double-digit organic revenue growth. Operating margin reached 27.9% of revenue, up 1.3 points year-over-year. Meanwhile, LVMH's second quarter revenue increased 19%.
"Europe and the United States have been up sharply since the start of the year,... More
