LVMH Moët Hennessy - Louis Vuitton, Société Européenne (MCp)

LVMH Moet Hennessy Louis Vuitton's earnings topped consensus while revenue came in line in the first half of fiscal 2026, reported July 27. Revenue fell 2.9% to about EUR 38.6 billion, with EPS of EUR 11.39 topping the EUR 10.63 estimate, +7.1%, and revenue of EUR 38.644 billion against a EUR 38.532 billion estimate, +0.3%; EPS was down 15.3% from EUR 13.45 a year ago. Net income was about EUR 5.7 billion, at -0.0% year over year from EUR 5.698 billion a year ago, while gross margin was near 67% and operating margin about 22%. The company generated about EUR 7.6 billion of operating cash flow and paid about EUR 3.8 billion in dividends.