Shares of luxury retail brand LVMH (MC.PA) are dropping on Wednesday morning after the company posted its second quarter earnings, slightly missing sales...
) are dropping on Wednesday morning after the company posted its second quarter earnings, slightly missing sales estimates of $22.7 billion versus an expected $23 billion. The figures out from the Dior and Marc Jacobs parent company could be signaling more challenging conditions for the luxury goods market.
While wines and spirits, watches and jewelry both declined, the company did announce an interim dividend to be paid to shareholders in December. According to a market research study published by Custom Market Insights, the demand analysis of US Buy Now Pay Later Market size & share revenue was valued at approximately USD 33.2 Billion in 2023 and is expected to reach USD 36.4 Billion in 2024 and is expected to reach around USD 145.7 Billion by 2033, at a CAGR of 21.3% between 2024 and 2033. The key market players listed in the report with their sales, revenues and strategies are Affirm Holdings Inc.
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