Previous Close | 69.32 |
Open | 67.20 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 65.41 - 67.27 |
52 Week Range | 63.96 - 97.48 |
Volume | |
Avg. Volume | 130,026 |
Market Cap | 175.578B |
Beta (5Y Monthly) | 0.59 |
PE Ratio (TTM) | 37.81 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 1.01 (1.48%) |
Ex-Dividend Date | Apr 25, 2022 |
1y Target Est | N/A |
Cosmetics group L'Oreal beat expections for first-quarter sales growth on Tuesday, batting away concerns about lockdowns in China and inflation as consumers snapped up high-end beauty products in its key markets. “We are not even close to experiencing a luxury down-turn, we see many people that are affluent and even the middle classes want to indulge,” L’Oreal chief executive officer Nicolas Hieronimus told analysts in a call. “The overall demand for luxury products and premiumized products is very high – the market is premiumizing overall,” he added.
PARIS (Reuters) -Cosmetics group L'Oreal beat expections for first-quarter sales growth on Tuesday, batting away concerns about lockdowns in China and inflation as consumers snapped up high-end beauty products in its key markets. “We are not even close to experiencing a luxury down-turn, we see many people that are affluent and even the middle classes want to indulge,” L’Oreal chief executive officer Nicolas Hieronimus told analysts in a call. “The overall demand for luxury products and premiumized products is very high – the market is premiumizing overall,” he added.
LVMH is the world's largest luxury company. Its most well-known brands include Louis Vuitton, Dior, Fendi, Loewe, Bvlgari, Tiffany & Co., Hennessy, and Sephora. Between 2011 and 2021, LVMH grew its annual revenue at a compound annual growth rate (CAGR) of 10.5%, even as it endured a series of financial crises in Europe and the temporary closures of its stores throughout the COVID-19 pandemic.