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Mega-Brands: Investing in Mega Trends & the Mega Brands Best Positioned to Add Value to Your Wallet
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S5 Ep 6: LVMH Q1 Earnings Update
Manage episode 412932317 series 2918135
We love the luxury goods category and LVMH is a key core brand to own as the category leader. Q1 was solid and stable with core consumers engaging as always and some aspirational consumers pulling back a bit. Fashion & leather goods performed well, select retail-Sephora - was very strong. Sephora is clearly taking share from Ulta and Ulta's stock reflects it.
The stock is cheap relative to the peer group and itself and fits all the important style factors to own in this kind of "higher for longer" environment. We will certainly buy the dips as they come.
66 episódios
S5 Ep 6: LVMH Q1 Earnings Update
Mega-Brands: Investing in Mega Trends & the Mega Brands Best Positioned to Add Value to Your Wallet
Manage episode 412932317 series 2918135
We love the luxury goods category and LVMH is a key core brand to own as the category leader. Q1 was solid and stable with core consumers engaging as always and some aspirational consumers pulling back a bit. Fashion & leather goods performed well, select retail-Sephora - was very strong. Sephora is clearly taking share from Ulta and Ulta's stock reflects it.
The stock is cheap relative to the peer group and itself and fits all the important style factors to own in this kind of "higher for longer" environment. We will certainly buy the dips as they come.
66 episódios
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