BUZZ-BofA again lowers EPS estimates for luxury after LVMH's Q1 miss

Reuters

Apr 15, 2025

** BofA Global Research cuts its earnings estimates again for the luxury sector after LVMH's LVMH.PA Q1 sales miss, factoring a slower start to Q1, FX moves and tariffs

** It now expects sector EPS to decline 6% y/y this year as it models organic revenue growth at 1%, versus its prior expectation of 3% growth

** "In our view, 1Q earnings season will be a catalyst for consensus downgrades as companies confirm no improvement in exit rate/current trading and heightened uncertainty around the environment," BofA says in a note

** BofA sees slower tourism in Japan and risk around the U.S. consumer as the biggest headwinds

** BofA lowers its Price Target on seven companies, including on LVMH by 3% to 725 euros

** It says it sees Gucci owner Kering's PRTP.PA guidance for stable EBIT in 2025 as too optimistic

(Reporting by Anna Pruchnicka)

((anna.pruchnicka@tr.com))

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class=\"title\">\nBUZZ-BofA again lowers EPS estimates for luxury after LVMH's Q1 miss\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-04-15 17:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-BofA again lowers EPS estimates for luxury after LVMH's Q1 miss</title></head><body><p>** BofA Global Research cuts its earnings estimates again for the luxury sector after <span>LVMH's</span> <span>LVMH.PA</span> Q1 sales miss, factoring a slower start to Q1, FX moves and tariffs</p><p>** It now expects sector EPS to decline 6% y/y this year as it models organic revenue growth at 1%, versus its prior expectation of 3% growth</p><p>** \"In our view, 1Q earnings season will be a catalyst for consensus downgrades as companies confirm no improvement in exit rate/current trading and heightened uncertainty around the environment,\" BofA says in a note</p><p>** BofA sees slower tourism in Japan and risk around the U.S. consumer as the biggest headwinds </p><p>** BofA lowers its <span>Price Target </span>on seven companies, including on LVMH by 3% to 725 euros</p><p>** It says it sees Gucci owner Kering's <span>PRTP.PA</span> guidance for stable EBIT in 2025 as too optimistic</p><p> (Reporting by Anna Pruchnicka)</p><p> ((anna.pruchnicka@tr.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BAC","symbol_name":"美国银行","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250415:nL4N3QT0SP:1","article_id":"2527467601","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2527467601","pubTimestamp":1744710674,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-BofA again lowers EPS estimates for luxury after LVMH's Q1 miss** BofA Global Research cuts its earnings estimates again for the luxury sector after LVMH's LVMH.PA Q1 sales miss, factoring a slower start to Q1, FX moves and tariffs** It now expects sector EPS to decline 6% y/y this year as it models organic revenue growth at 1%, versus its prior expectation of 3% growth** \"In our view, 1Q earnings season will be a catalyst for consensus downgrades as companies confirm no improvement in exit rate/current trading and heightened uncertainty around the environment,\" BofA says in a note** BofA sees slower tourism in Japan and risk around the U.S. consumer as the biggest headwinds ** BofA lowers its Price Target on seven companies, including on LVMH by 3% to 725 euros** It says it sees Gucci owner Kering's PRTP.PA guidance for stable EBIT in 2025 as too optimistic  ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BAC":"美国银行","BRBY.UK":"巴宝莉"},"translate_title":"BUZZ-继LVMH第一季度业绩不佳后，美国银行再次下调奢侈品行业每股收益预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BAC":0.9,"BRBY.UK":0.9},"content_text":"BUZZ-BofA again lowers EPS estimates for luxury after LVMH's Q1 miss** BofA Global Research cuts its earnings estimates again for the luxury sector after LVMH's LVMH.PA Q1 sales miss, factoring a slower start to Q1, FX moves and tariffs** It now expects sector EPS to decline 6% y/y this year as it models organic revenue growth at 1%, versus its prior expectation of 3% growth** \"In our view, 1Q earnings season will be a catalyst for consensus downgrades as companies confirm no improvement in exit rate/current trading and heightened uncertainty around the environment,\" BofA says in a note** BofA sees slower tourism in Japan and risk around the U.S. consumer as the biggest headwinds ** BofA lowers its Price Target on seven companies, including on LVMH by 3% to 725 euros** It says it sees Gucci owner Kering's PRTP.PA guidance for stable EBIT in 2025 as too optimistic (Reporting by Anna Pruchnicka) ((anna.pruchnicka@tr.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}