Here is a 100-word summary:
Luxury goods company LVMH, which owns Moet, Louis Vuitton, and Givenchy, is expected to report its Q1 sales results today. Despite a 9% decline in its shares since President Trump’s tariff announcements, HSBC analysts predict a 1% increase in sales to £18.3 billion due to higher prices offsetting a decline in volume. They note that the tariffs may lead to “fewer champagne bottles being popped” this year. The company’s performance will be a gauge of the impact of Trump’s tariffs on the luxury sector. LVMH’s sales are expected to be driven by price increases rather than actual growth in demand.
