00:00It's Benzinga bringing Wall Street to Main Street LVMH shares fell more than seven
00:05percent in morning trading on Wednesday after the company reported a slight fourth quarter sales beat.
00:10That failed to meet heightened investor expectations, according to CNBC.
00:15Kline weighed on luxury peers with carrying down as much as five percent and Munkle.
00:20Claire, Hermes and Prada lower by two percent to three percent.
00:25Investors expected stronger results after peers, including Rickmont, Berber.
00:30Harry and Cusinelli reported quarter over quarter improvements and beat expectations.
00:35Raising the bar for LVMH.
00:38LVMH reported fourth quarter.
00:40Organic revenue growth of one percent to twenty seven point two billion dollars, matching the.
00:45Prior quarter, while full year organic revenue declined one percent.
00:49Investors.
00:50are closely watching China's recovery as the luxury industry shows early signs of emerging from a.
00:55prolonged slump driven by weak demand from Chinese consumers.
01:00So Bernard Arnault warned that 2026 will be challenging due to geopolitical and.
01:05macroeconomic uncertainty for all things money, visit Benzinga dot com.
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