Earnings Brief
Louis Vuitton, Dior Drive LVMH’s COVID Comeback
LVMH reported that revenue jumped 32 percent in the first quarter of 2021 to 14 billion euros, driven by its reigning champs Louis Vuitton and Dior. Read More
Is Nike Well-Positioned Post-Pandemic?
Chinese consumers fueled a mighty sales surge for the global sneakers brand in the past three months, which will be maintained in the current quarter. Read More
Burberry’s Sales Rebound Sparks Hope for Luxury Retail
Burberry expects Q4 sales to be 28 to 32 percent higher than the same period last year, reinstalling confidence in the luxury industry. Read More
JD’s Expanding Empire Offers Lessons on E-commerce
China’s leading e-commerce company posted a 31 percent jump in fourth quarter revenue to $34.4 billion, reiterating the staying power of online shopping. Read More
Mytheresa Rides a “Record High” of First-Time Buyers
Mytheresa’s net income more than doubled in Q2 thanks to 100,000 first-time buyers, bringing its active customers to over half a million. Read More
Puma Sales Roar Back With China Growth
With China driving its Asia growth, Puma focused on strengthening regional relevance, from expanding celebrity partnerships to leveraging Singles’ Day. Read More
Moncler Looks to ‘New Luxury’ in 2021
The luxury puffer jacket maker reported revenues of 1.4 billion euros in 2020 and and 675.3 million euros in Q4, beating analyst expectations. Read More
Kering’s Earnings Weren’t All Gucci For 2020
While Bottega Veneta sparkled, Kering’s other brands suffered losses as the luxury conglomerate endured the ramifications of the COVID-19 pandemic. Read More
Asia Demand Drives Estée Lauder’s Global Performance
Better-than-expected e-commerce sales, continued demand for skincare, and a home fragrance craze in China fueled Estée Lauder’s growth this quarter. Read More
China, Once Again, To The Rescue For Capri Holdings
Backed by Michael Kors, Jimmy Choo, and Versace, Capri Holdings announced its third-quarter fiscal 2021 results, with China recording double-digit growth. Read More
