In anticipation of $LVMH's Q1 revenue report that is dropping after the bell in Paris, we decided to look back at what some of the most prominent luxury companies had to say in Q4 ๐งต๐
1. Arnault himself called 2022 "remarkable" and said that January had a "very strong" start:
1. Arnault himself called 2022 "remarkable" and said that January had a "very strong" start:
2. $RACE reported that its order book was at an all time high. In fact, the intake for its new Purosangue became so high that they had to stop taking more orders to guard the exclusivity of the model:
3. $RMS had a record year in 2022 across all of its geographical areas, and Q4 was especially good even in the previously troubled Greater China region:
4. $MONC's fourth quarter revenue growth accelerated compared to Q3 (Stone Island grew a whopping +48%, and Moncler +19% y/y):
5. Italian high-end cashmere house $BC.MI raised its 2023 revenue guidance from +10 to +15%, and are already confident in another +10% for 2024:
6. $BRBY.L still experienced some trouble in China, but apart from that grew double-digits around the world. CFO Julie Brown said she was "very optimistic" about the market in the medium term:
7. One of the most impacted companies in the luxury space in Q4 was the Gucci and Balenciaga owner $KER, who were not satisfied at all with 2022 yet remained optimistic about 2023:
As a bonus, here's our visual of $LVMH's growth by Business Area in Q4 ๐
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