Luxury conglomerate Moët Hennessy Louis Vuitton’s shares fell on Wednesday following news of the company’s slowing sales growth.
LVMH shares dipped 8% after the company released its earnings report late Tuesday evening.
According to LVMH executives, the conglomerate’s numbers are now falling back toward pre-pandemic averages.
“After three roaring years, and outstanding years, growth is converging toward numbers that are more in line with historical average,” said LVMH CFO Jean-Jacques Guiony.
