KEY TAKEAWAYS Luxury giant LVMH eked a small gain in 2024 sales, underwhelming investors following buoyant results from rivals that signaled a turnaround for the sector.Sales last year marked a 1% organic gain over the previous year and a 2% drop reported.

However, the full-year figures reflect a 2% decline in reported revenue compared to 2023, largely attributed to exchange rate impacts and a high post-COVID comparison base. LVMH’s ADRs tumbled more than 8% following the release.