LVMH at 52-Week Low as Christie's Posts $1.1B Night

June 1: LVMH at 52-Week Low as Christie's Posts $1.1B Night
============================================================
Four publicly traded luxury houses and what the $1.8 billion spring auction season means for their stock.
Tickers covered: MC.PA | CFR.SW | RACE | BRBY.L | ZGN

In this episode:

LVMH (MC.PA — Euronext Paris)
- Stock: EUR 473, down 26% YTD
- 52-week range: EUR 436.55 – EUR 654.70
- Q1 revenue: EUR 19.1B, down 6% YoY
- Christie's spring evening session: $1.1B
- Top lot: Jackson Pollock "Number 7A, 1948" at $181M

Richemont (CFR.SW — Swiss Exchange)
- FY2026 sales: EUR 22.4B, up 11% at constant rates
- Net profit: EUR 3.5B, up 27%
- Jewelry maisons (Cartier, Van Cleef, Vhernier): EUR 16.5B at 30.5% margin
- Watchmakers: EUR 3.1B, down 4%
- Shares reached record high CHF 161.80
- Sotheby's High Jewelry: $31.4M, 95% sell-through
- June 9: 73.11-carat Fancy Vivid Yellow diamond by Glenn Spiro

Ferrari (RACE — NYSE)
- Q1 revenue: EUR 1.85B, up 3%
- Deliveries: 3,436 units, down 4.4% (deliberate slowdown)
- FY2026 guidance: ~EUR 7.5B reaffirmed
- Bonhams The Market: 2009 Ferrari California ~$34,000

Burberry (BRBY.L — LSE)
- FY2026 adj. operating profit: GBP 160M (prior year: GBP 26M)
- Americas and China: +10%
- Stock dropped ~7% on results day (Europe/Middle East weak)
- Net zero target delayed from 2040 to 2050
- BRBY up 17% over 12 months

Week ahead:
- Zegna (ZGN) runway show in Los Angeles, Friday
- RM Sotheby's boutique auction, Bavaria, Thursday-Friday
- Sotheby's Magnificent Jewels, New York, June 9

Links:
- ALT/FNDATA: https://www.altfndata.com
- Richemont FY2026 results: https://www.richemont.com/news-media/press-releases-news/richemont-delivers-strong-sales-growth-and-solid-results-for-the-year-ended-31-march-2026/
- Ferrari Q1 2026 earnings: https://qz.com/ferrari-q1-2026-earnings-beat-guidance-ev-luce-050526
- Burberry net zero delay: https://www.businessoffashion.com/news/sustainability/burberry-delays-net-zero-emissions-target-by-10-years-to-2050/
- Sotheby's High Jewelry results: https://www.sothebys.com/en/articles/sothebys-sale-of-high-jewelry-in-new-york-achieves-31-4-million-95-lots-sold

Also from ALT/FNDATA:
- Open Bid — Mon-Fri at 6 AM ET: Your daily briefing on global auctions and luxury alternative assets

What is Closing Price — Daily Evening Equity Analysis on Luxury Market?

Closing Price is your end-of-day briefing connecting public equity markets to the global auction and luxury alternative asset markets. Three times a week, host Sharon Obuobi tracks the publicly traded companies behind the world's leading auction houses, luxury brands, and collector markets — with proprietary data from ALT/FNDATA.

Learn more about us at www.altfndata.com

CLOSING PRICE — Monday, June 1, 2026
Runtime target: 7-8 minutes
============================================================

[INTRO]

Good evening. It's Monday, June the first. I'm Sharon Obuobi, and this is Closing Price from Altfndata. We bring headline news every weeknight connecting public equity markets to auction data.

Tonight we cover four publicly traded luxury houses and what the spring auction season means for their stock prices.

(Pause)

[LVMH — MC.PA]

LVMH, ticker MC on Euronext Paris, closed today at 473 EUR. The stock is down 26% year to date. Q1 revenue:19.1 billion EUR, down 6% year over year.

Meanwhile, LVMH's auction house Christie's posted a $1.1 billion evening session during the May spring sales. The top lot was Jackson Pollock's "Number 7A, 1948" at $181 million.

The combined spring season across Christie's, Sotheby's, and Phillips totaled $1.8 billion. Christie's sits inside LVMH's "Other activities" segment alongside hospitality and media.

LVMH's 52-week range was between 436.55 to 654.70 EUR. The stock is currently trading near its 52-week low.

(Pause)

[RICHEMONT — CFR.SW]

Richemont, ticker CFR on the Swiss Exchange, reported fiscal year 2026 results on May 22nd. Sales: 22.4 billion EUR, up 11% at constant rates. Net profit: 3.5 billion EUR, up 27%.

The jewelry maisons — Cartier, Van Cleef and Arpels, Vhernier — generated 16.5 billion EUR in sales at a 30.5% operating margin. Nearly 80% of that is from direct to client sales.

The watchmaker brands posted 3.1 billion EUR, down 4%.

In the auction market, Sotheby's High Jewelry sale in New York achieved $31.4 million with a 95% sell-through rate. The upcoming June 9th Magnificent Jewels sale is led by a 73.11- carat Fancy Vivid Yellow diamond ring by Glenn Spiro.

The Richemont shares recently reached a record high of 161.80 (Swiss Francs).

[FERRARI — RACE]

Ferrari, ticker RACE on the NYSE, reported Q1 earnings on May 5th. Net revenues: 1.85 billion EUR, up 3%. Deliveries: 3,436 units, down 4.4%. This a deliberate production slowdown ahead of new model transitions.

[BURBERRY — BRBY.L]

Burberry, ticker BRBY on the London Stock Exchange had fiscal 2026 adjusted operating profit: 160 million GBP, up from 26 million GBP the prior year. The figures in the Americas and China both grew 10%. The stock dropped nearly 7% on results day due to market weakness in Europe and the Middle East.

Separately, Burberry delayed its net zero emissions target by a decade — from 2040 to 2050.

BRBY is up 17% over twelve months.

[WEEK AHEAD]

Zegna, ticker ZGN on the NYSE, will stage a major runway show in Los Angeles this Friday. RM Sotheby's will hold a boutique auction in Bavaria on Thursday and Friday featuring rare German sports cars. The Sotheby's Magnificent Jewels will be on June 9th in New York.

[OUTRO]

That is for today’s Closing Price for Monday, June the first.

I'm Sharon Obuobi, from ALT/FNDATA. Join me tomorrow morning at six AM Eastern for Open Bid.