By Joshua KirbyLVMH Moet Hennessy Louis Vuitton SE on Wednesday reported first-quarter sales above expectations, as a lifting of sanitary restrictions in China boosted performance there, and a rebound in international travel drove duty-free sales. Analysts had forecast quarterly sales of EUR20.02 billion, according to a FactSet-compiled poll. Looking ahead, LVMH said it is confident of reinforcing its leading position in luxury goods, despite global economic and geopolitical uncertainty. Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby-This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires04-13-23 0321ETCopyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal April 13, 2023 13:23 UTC