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LVMH's organic sales grew 1% in the first quarter.
LVMH's organic sales grew only 1% in Q1, missing analyst expectations of 1.5%.
KEY POINTS
- The Middle East conflict directly reduced LVMH's organic growth by 1% in the quarter.
- LVMH's fashion and leather goods division declined 2% to 9.2 billion euros in constant currencies.
- Brunello Cucinelli reported a 14% revenue jump in Q1, outperforming expectations and peers.
COMPANIES
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