LVMH Shares Plummet 8% Following Surprising First-Quarter Sales Decline
LVMH's stock fell 8% after reporting a surprising 2% sales drop in Q1, with wines and spirits hardest hit. Market reacts sharply to the unexpected downturn.
sales decline News
LVMH Shares Plunge 8% Amid Surprising Q1 Sales Decline and Earnings Miss
LVMH's stock dropped 8% after reporting a surprising 2% sales decline in Q1, with wines and spirits hit hardest by an 8% drop. Fashion and leather goods also decreased by 4%, while...
LVMH Shares Plummet 8% Following Unexpected Q1 Sales Decline and Earnings Miss
LVMH's stock dropped 8% after reporting a surprising 2% sales decline in Q1, with wines and spirits hit hardest by an 8% drop. Fashion and leather goods also decreased by 4%, while...
Porsche Faces 8% Sales Decline in Q1 2025, Yet Electrified Vehicles Shine
Porsche AG reports an 8% sales drop in Q1 2025, with significant declines in China and Germany. However, electrified vehicles show strong growth, representing 38% of total deliveri...
Porsche Faces 8% Sales Decline in Q1 2025, Yet Electrified Vehicles Shine
Porsche AG reports an 8% sales drop in Q1 2025, with significant declines in China and Germany but a strong performance in North America. Electrified vehicles now make up 38% of to...
Volvo Cars Faces a 10% Sales Drop in March Amid Global Electric Vehicle Market Challenges
Volvo Cars reports a 10% global sales drop in March, with electrified models declining by 9%. Despite challenges, electric vehicles accounted for 43% of sales. Europe and the US sa...
Tesla Faces 11.5% Drop in January Deliveries in China Amid Rising Competition
Tesla's January deliveries in China fell by 11.5% year-over-year, with 63,238 units sold. Meanwhile, BYD saw a 47.5% increase, delivering 296,446 vehicles. Tesla's Model 3 and Mode...
Tesla Faces a Steep Decline in January Deliveries in China Amid Rising Competition
Tesla Inc. saw an 11.5% drop in electric vehicle sales in China for January, as reported by the CPCA. Meanwhile, competitor BYD experienced a 47.5% increase in deliveries. Tesla's ...
Daimler Truck Faces 12% Sales Drop in 2024 Amid Electric Vehicle Growth
Daimler Truck AG reports a 12% sales decline in 2024, with 460,409 units sold. Despite this, electric vehicle sales rose by 17%. Regional sales varied, with notable decreases in As...
