CollectionsApr 26, 2024
Piece of the Week: Jacquie Aiche’s Starry Galaxy NecklaceThe necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
FinancialsApr 12, 2019
LVMH’s Q1 Watch, Jewelry Sales Pass Billion-Euro Mark
Bulgari was a top performer in both watches and jewelry.
The Octo Finissimo watch, introduced at Baselworld in 2016, was among the top sellers for Bulgari in Q1, LVMH said.
Paris—LVMH had a strong start to its fiscal year, with watch and jewelry sales climbing past the billion-euro mark in its first quarter.
Quarterly sales of LVMH-owned watch and jewelry brands totaled €1.05 billion ($1.19 billion) compared with €959 million ($1.08 billion) a year ago, a 9 percent increase.
Organic (like-for-like) revenue growth was 4 percent, with jewelry leading the charge. Bulgari’s iconic Serpenti, Divas’ Dream and Lvcea lines as well as its Fiorever collection had an especially strong first quarter.
During its earnings call Wednesday announcing first quarter results, LVMH executives also addressed the recently concluded Baselworld show, including answering the question: Will LVMH return to the watch and jewelry trade show in 2020?
“We once again had a successful participation in Baselworld this year in which we introduced a number of newer launches,” said Chris Hollis, director of financial communications.
The most well-received new timepieces exhibited at the watch and jewelry trade show included Hublot’s Classic Fusion Ferrari GT and Bulgari’s Octo Finissimo Chronograph GMT Automatic.
During the question-and-answer segment of the call, Bernstein analyst Luca Solca asked what the company’s plans are for Baselworld going forward since a number of major players, including Swatch Group, have dropped out.
“As far as Baselworld is concerned, I have to announce, I mean, we are one of the biggest players in this universe. You have seen the action taken by the others not only this year but over the last few years, which is obviously a reason for us to think about it, but we have not taken any decision and have nothing to announce,” Chief Financial Officer Jean-Jacques Guiony said.
Headquartered in Paris, LVMH Moёt Hennessy Louis Vuitton is to luxury products what Procter & Gamble is to consumer staples with its household name brands spanning jewelry, watches, wines and spirits, leather goods, perfumes, and cosmetics.
Total quarterly revenue when including all the luxury conglomerate’s divisions rose 11 percent to €12.54 billion ($14.16 billion) compared with €10.85 billion ($12.25 billion) a year ago.
While other retailers are facing a slowdown in sales in China, LVMH saw sales in Asia climb 17 percent organically, accounting for 35 percent of its total revenue, more than any other region.
Sales in the United States rose 8 percent while sales in Europe were up 7 percent.
Revenue from LVMH’s fashion and leather goods segment totaled €5.11 billion ($5.77 billion), a 15 percent increase in organic revenue compared with
Editors' Picks
Sponsored by
€4.27 billion ($4.82 billion) a year ago.
Its iconic Louis Vuitton brand continued to be a best-seller, so much so that the company said it has opened a new leather workshop in France to meet demand and limit stock shortages.
The perfumes and cosmetics segment saw organic revenue growth of 9 percent to €1.68 billion ($1.9 billion) compared with €1.5 billion ($1.7 billion) a year ago.
LVMH’s wine and spirits segment reported organic revenue growth of 9 percent to €1.35 billion ($1.52 billion) compared with €1.19 billion ($1.34 billion) a year ago.
Hennessy cognac volumes increased double digits, seeing strong growth in the U.S. and Chinese markets.
The selective retailing segment, which includes Sephora and duty-free stores, saw organic revenue growth of 8 percent to €3.51 billion ($3.96 billion) compared with €3.1 billion ($3.5 billion) a year ago.
LVMH’s retail network spans 70 brands and 4,950 stores worldwide, as per its annual report.
Its iconic Louis Vuitton brand continued to be a best-seller, so much so that the company said it has opened a new leather workshop in France to meet demand and limit stock shortages.
The perfumes and cosmetics segment saw organic revenue growth of 9 percent to €1.68 billion ($1.9 billion) compared with €1.5 billion ($1.7 billion) a year ago.
LVMH’s wine and spirits segment reported organic revenue growth of 9 percent to €1.35 billion ($1.52 billion) compared with €1.19 billion ($1.34 billion) a year ago.
Hennessy cognac volumes increased double digits, seeing strong growth in the U.S. and Chinese markets.
The selective retailing segment, which includes Sephora and duty-free stores, saw organic revenue growth of 8 percent to €3.51 billion ($3.96 billion) compared with €3.1 billion ($3.5 billion) a year ago.
LVMH’s retail network spans 70 brands and 4,950 stores worldwide, as per its annual report.
More on Financials
The Latest
Events & AwardsApr 26, 2024
AGS Conclave and GIA Symposium Are ConvergingThe two organizations will host a joint event, “Converge,” in September 2025.
SourcingApr 26, 2024
Anglo American Reportedly Shopping De Beers as BHP Eyes Anglo Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Brought to you by
The Blueprint for Success in Scalable, Personalized Jewelry RetailWith Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
Events & AwardsApr 25, 2024
Alexis Padis Takes Over as AGS Board President Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Weekly QuizApr 26, 2024
This Week’s QuizTest your jewelry news knowledge by answering these seven questions.
EditorsApr 25, 2024
5 Tips for Creating Fans from the Top (Savannah) Banana Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
WatchesApr 25, 2024
Audemars Piguet and John Mayer Partner on Limited Edition WatchThe Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
Brought to you by
How Jewelers of America Represents Your BusinessFor over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
SourcingApr 25, 2024
De Beers Lowers Production Guidance for 2024The announcement came as the company reported a 23 percent drop in production in Q1.
MajorsApr 25, 2024
Detroit Lions’ QB Jared Goff Keeps Going to JaredThe three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
CrimeApr 24, 2024
Jewelry Crime Declines Significantly, But Dollar Losses Remain High A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
CollectionsApr 24, 2024
Pippa Small Announces ‘Venus’ CollectionInspired by the Roman goddess of love, the designer looked to the sea for her new collection.
Events & AwardsApr 24, 2024
JCK Industry Fund Announces 2024 Grant RecipientsThe selected nine organizations have outlined their plans for the funds.
SourcingApr 24, 2024
Rio Tinto’s Q1 Production Drops Amid Pause to Honor Lost Colleagues The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
WatchesApr 24, 2024
These Are Rolex’s New Watches for 2024 The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
ColumnistsApr 23, 2024
The Smart Lab: Advanced Email Marketing Strategies for Mother’s DayEmmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
IndependentsApr 23, 2024
Hannoush Jewelers Opens New Store in New York Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
SourcingApr 23, 2024
Lucapa Sells 3 Diamonds for $10.5M in First Lulo Tender of 2024A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
GradingApr 23, 2024
GIA Has a New Book About William RuserRuser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
CollectionsApr 22, 2024
Jacquie Aiche’s New Campaign Stars Adam Levine, Behati PrinslooThe “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
EditorsApr 22, 2024
The 22 Best Quotes from AGS Conclave 2024 Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
SourcingApr 22, 2024
Virtual Diamond Boutique Rebrands as ‘VDB’The overhaul includes a new logo and enhanced digital marketplace.
MajorsApr 22, 2024
Signet Raises Nearly $9M for St. Jude Children’s Research HospitalThe money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
CollectionsApr 19, 2024
Piece of the Week: Retrouvaí’s Treasure NecklaceA new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
CrimeApr 19, 2024
Grand Jury to Hear Case Against Jeweler Charged in Fatal Shove Following IJO ShowLast month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
MajorsApr 19, 2024
Unique Designs Acquires China PearlThe move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
GradingApr 19, 2024
AGS Ideal Report Now Available in Printed FormFrom now through mid-May, GIA will be offering the reports at a 50 percent discount.
