Luxury earnings estimates look too optimistic, RBC analysts say
The bank downgraded LVMH and Burberry while trimming 2027 profit forecasts across the sector, warning that China's mixed signals and softer US demand undercut bullish projections.
The Nanjing East Road shopping area in Shanghai, China, on Friday, May 1, 2026. Image: Bloomberg News
The Nanjing East Road shopping area in Shanghai, China, on Friday, May 1, 2026. Image: Bloomberg News
