NYSE:LANVLuxury
Lanvin Group Holdings (NYSE:LANV) Stock Hinges On Margin Repair As Revenue Shrinks
Lanvin Group Holdings walked into this earnings day with a stock that had already slipped over the past month, yet the immediate reaction was a muted 1% move higher to €1.01. That small bounce sits against a much harsher backdrop for the luxury group. H1 revenue came in at €100.8m while the company reported a net loss of €59.3m and basic earnings per share of a €0.51 loss. The real story is not a growth surge, but a margin repair job that is starting to show through the income statement.
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