LVMH Financial Highlights

1. $LVMH Moet Hennessy Louis Vuitton(LVMHF.US)$ reported higher than expected first-quarter sales, with a 17% growth on an organic basis.
2.The growth was largely attributed to a rebound in sales in China after COVID-19 lockdowns.
3.LVMH owns luxury brands like Louis Vuitton, Dior, Hennessy, and Tiffany.
4.The group expects China to continue driving growth in 2023.
5.The US market showed signs of waning demand, particularly among younger, lower-spending shoppers.
6.LVMH made 27% of its 2022 revenues in the Americas and 30% in Asia excluding Japan.
7.LVMH's shares have risen by 23% this year, outperforming the French blue-chip index. $COMPAGNIE FINANCIERE RICHEMONT SA.(CFRHF.US)$ $KERING UNSPON ADR EA REPR 0.1 ORD EUR0.00(PPRUY.US)$