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Stock impact report

Luxury bellwether LVMH drops 8% on sales miss, dragging peers down [CNBC]

Target Corporation (TGT) 
Last target corporation earnings: 3/3 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.target.com
Company Research Source: CNBC
Sales were “overall below the most conservative buyside expectations,” Citi analysts said, with wines and spirits suffering the sharpest decline. Louis Vuitton store window display in Mitsukoshi department store in Tokyo, Japan, on Friday, April 4, 2025. Shares of plunged 8% on Tuesday morning after the world's largest luxury group posted an unexpected decline in first-quarter sales. The company reported a 3% year-on-year fall in in a trading update published shortly after the market close on Monday, missing consensus analyst expectations for slight growth. Wines and spirits saw the sharpest revenue decline, down 9%, as it flagged weaker demand in the U.S. and China for cognac — the popular brandy variety that has been Fashion and leather goods sales slid 5%, while watch sales were flat. The results pulled down the wider sector in early deals . Kering shares dipped 2.5%, Burberry fell 4.2% while Richemont traded 2.26% lower. Citi analysts Thomas Chauvet and Mahesh Mohan Show less Read more
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