Earnings Brief
Hermès Sees No Signs of Slowing Demand in China
French leather goods company Hermes reported impressive Q1 2019 sales results thanks to a boost from Chinese consumers. Read More
Kering Barely Beats Estimates with Help from Domestic Consumption in China
French luxury group Kering, which owns Gucci, Yves Saint Laurent, Bottega Veneta, and Balenciaga, released its Q1 2019 earnings on Wednesday. Read More
Slowing Chinese Economy Can’t Stop L’Oreal’s Lipstick Index Surge
Beauty company L'Oreal beat estimates with its first quarter earnings thanks to sales in China. Overall sales grew 11.4% year-on-year. Read More
LVMH Reports Strong First Quarter Despite Slowing Economy
LVMH Moët Hennessy Louis Vuitton reported Q1 2019 financial results, and the results should ease concerns about a slowing luxury market in China. Read More
Secoo Attracts More Users as It Pivots Toward Diversification
Chinese luxury e-commerce company Secoo Holding Limited released its fourth quarter 2018 and full-year 2018 earnings results on April 4. Read More
Tencent Reports Historic Profit Slip Despite WeChat Ad Revenue Growth
Tencent reported disappointing Q4 net profit on Thursday. The company did, however, continue to grow ad revenue on WeChat. Read More
With Luxury Ads on WeChat and New Mobile Games on the Rise, Tencent’s Future Looks Bright
Chinese tech giant Tencent is set to release its Q4 2018 earnings results on Thursday morning, and investors anticipate a bright outlook. Read More
Prada Becomes the Latest Victim of Declining Chinese Tourist Shopping
Italian fashion house Prada attributed its lackluster 2018 earnings to a decline in Chinese tourist shopping, particularly in Hong Kong and Macau. Read More
Weibo Sees Jump in Revenues, Users Thanks to Broadcasting, More Ads
Chinese microblogging platform Weibo announced its fourth quarter and full-year 2018 earnings results on March 5 and benefited from active user growth. Read More
Moncler’s “Genius” Project Paid off in 2018. What’s Next?
Italian luxury outerwear brand Moncler’s disruptive retail experiment “Moncler Genius Project" has proven to be a success in 2018. Read More
