From LVMH's IR website (https://www.lvmh.com/news-documents/press-releases/good-start-to-the-year-for-lvmh-2022/):
LVMH Moët Hennessy Louis Vuitton, the world’s leading high-quality products group, recorded revenue of 18 billion euros in the first quarter of 2022, up 29% compared to the same period in 2021. Organic revenue growth was 23%. LVMH had a good start to the year against a backdrop of continued disruption from the health crisis and marked by the dramatic events in Ukraine. All business groups achieved double-digit revenue growth, except for Wines & Spirits, which continued to see supply constraints. The United States and Europe also achieved double-digit revenue growth; Asia continued to grow over the quarter despite the impact of a tightening of health restrictions in China in March.The LVMH Group is closely monitoring developments in Ukraine and the region. Its first priority was to ensure the safety of its employees in Ukraine and to provide them with all the necessary financial and operational assistance.
Market's expectations noted at 17,03 bn EUR. (https://www.marketscreener.com/quote/stock/LVMH-MOET-HENNESSY-LOUIS-4669/news/LVMH-1Q-Revenue-Outstripped-Expectations-Despite-Global-Pressures-40035685/)
According to IR especially their biggest category Fashion & Leather Goods, including their in-house brands Louis Vuitton & Dior postet strong numbers, as category revenue rose by 35% YoY (30% organically growth) to 9,123 bn EUR, which makes up about half of the total Q1 revenue. Weakest link was the Wines & Spirits compartment that missed double digit growth at 8% increase (2% organic) in revenue that at the same time is the smallest category the company reports in.
Notwithstanding the economic pressures at the moment LVMH stands out with strong numbers. Waiting on the transcript and commentary of their Q&A session. Anybody?
Disclaimer: I am a shareholder of LVMH stock.
Edit: typo
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