LVMH shares slump after luxury giant's Q1 sales miss forecast

Reuters - 15/04
LVMH shares sank on Tuesday after the world's largest luxury group posted first quarter revenue that undershot expectations as U.S. shoppers curtailed the purchase of beauty products and cognac while sales in China remained weak.
PARIS, April 15 (Reuters) - LVMH (LVMH.PA), opens new tab shares sank on Tuesday after the world's largest luxury group posted first quarter revenue that undershot expectations as U.S. shoppers curtailed the purchase of beauty products and cognac while sales in China remained weak.
LVMH shares dropped 5.2% in early trading, dragging down shares of rival luxury goods companies such as Kering (PRTP.PA), opens new tab and Hermes (HRMS.PA), opens new tab.

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On Monday, LVMH reported a 3% decline in first-quarter sales - well below analyst...
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