LVMH's revenue growth has collapsed from 44% year-over-year in December 2021 to -5% by December 2025, yet profit margins stayed in the mid-30s. Its portfolio of iconic brands like Louis Vuitton and Dior gives it enough staying power to remain a solid long-term investment despite the slowdown.
LVMH, obviously they own Louis Vuitton, they own Dior, they own Fendi, they own Sephora and 70+ luxury houses, right? So this chart over here I thought was fascinating. Since the highs of December '21, 44% revenue growth, and then you move to March of '22, it drops to 37%. June '22, 32%. And you can see it goes all the way to December 2025 and it goes -5%. LVMH has now put up 16 consecutive quarters of decelerating growth. Here's what I'll call out. Remember, we're talking about revenue growth here, just so everyone sees this, right? So you had 44% revenue growth, and now it's -5%. But you have EBITDA margins held in the mid-30s. It's still a great— I wouldn't even say it's a collection of businesses, and they're still very well known anywhere that you go in the world. I still think it's a great business. I would love to own it. I don't think it's over. These brands have been around for quite a long time too. So it's the staying power that the name behind these— it's brand power. That's what it is. Yeah.
