Company News, Financial News

LVMH Records $23 Billion in Revenue for Q1 2023

Represents a 17% increase from the prior-year period.

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By: Lianna Albrizio

Associate Editor

LVMH has recorded revenue of $23 billion in the first quarter of 2023, a 17% increase from the prior-year period.    Organic revenue growth was also 17%.    LVMH officials call these Q1 gains an “excellent start to the year” within an uncertain geopolitical and economic environment.   According to the company, Europe and Japan, which enjoyed strong growth momentum, benefited from robust demand from local customers and international travelers. The United States, a market w...

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