Fashion
LVMH Q1 +1%, Middle East war drags recovery
LVMH organic growth +1% missed consensus 1.5%. Middle East conflict cost -1%p. Hermès 33x forward P/E vs LVMH 20x widens gap.
Primary sources · 2
LVMH organic growth +1% missed consensus 1.5%. Middle East conflict cost -1%p. Hermès 33x forward P/E vs LVMH 20x widens gap.
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