Earnings Brief
China Rescues Burberry, Tapestry From Slowing Demand In North America
China’s recovery has renewed luxury brands’ optimism for the year. However, a new problem has emerged: American consumers are pulling back their spending. Read More
April Earnings: Kering Lags LVMH As BYD Boasts Fivefold Profit Growth
With brands yet to fully reap the benefits of China’s reopening in the first quarter, the strongest players are pulling further ahead. Read More
Hermès Hits €200 Billion Valuation On Surging Sales Thanks To China’s Ultra-Rich
Between strong first-quarter sales, a renovated Beijing store, and a soaring market capitalization, Hermès has a lot to celebrate this year so far. Read More
‘Unicornus Rex’: L’Oréal Combines Scale And Innovation To Defend Pole Position
While L’Oréal and Hermès outperformed competitors in 2022, Canada Goose struggled with COVID-19 disruptions in December, its key trading month. Read More
Earnings: Ralph Lauren Charges Ahead While Canada Goose, Adidas Brace For China Setbacks
While Ralph Lauren posts better-than-expected profits and maintains an optimistic outlook for the year, other fashion players are slashing their forecasts. Read More
Soaring Sales At LVMH Prove That Luxury Consumers Are A Different Breed
LVMH saw double digit growth in the third quarter thanks to local demand and recovering tourism, reflecting the resilience of the industry. Read More
JD.Com, Anta Beat Industry Rivals While Capri Gives Conservative Outlook
Despite being hit by COVID-19 disruptions, JD.com managed to outpace China’s retail industry and invite a flurry of luxury brands to its platform. Read More
L’Oréal Shines In China As Hermès, Kering Keep Quiet On 2023 Outlooks
While luxury brand sales fell in the second quarter due to store closures, L’Oréal bucked the trend thanks to China’s voracious beauty appetite. Read More
Ralph Lauren, Burberry Stay Optimistic Despite China Setbacks
Although China lockdowns weighed heavily on Q4 results, luxury brands are hopeful their ongoing strategies will deliver strong growth in the medium term. Read More
LVMH, Hermès, and Kering Suffer From China’s COVID-19 Clampdown
Sales for top-notch luxury players were good in the first three months of 2022, mostly thanks to Europe and the Americas. Read More
