LVMH Bounces Back as Some Investors See Bottom of Luxury Slump

LVMH shares rebounded as investors bet that relief is in sight for the luxury goods titan after another quarter of declining sales.

The stock rose as much as 5.1%, reversing earlier losses, on optimism that LVMH Moët Hennessy Louis Vuitton SE’s latest quarterly update marks a bottom for the French company, which has been hit hard by a slump in consumer demand in China and US tariffs.

Revenue at the key fashion and leather goods division dropped 9% on an organic basis in the second quarter, LVMH said Thursday. That was worse than analysts’ estimates for a 7.8% drop. ...