$LVMH highlighted Rhode as a driver at Sephora
Another bullish read through for $ELF
Rhode is launching in 19 European countries in September via Sephora.
74% of Rhode social followers are intl... Big catalysts down the pike
@HedgeyeRetail
Ian Lukasik@HedgeyeRetail_3
$LVMH returns to (organic) growth in F&LG, though lapping a down 9% from last year. Segment makes up ~75%+ of the consolidated profit now facing tougher compares. Fx easing should help. Watches + Jewelry showing accelerating momentum and margin expansion. Asia (ex. Japan) continuing to grow of the bottom and U.S. remains strong. Still sidelined on this one with tougher base effects down the pike, Middle East implications, and F&LG growth sustainability remaining a question mark in our eyes. $MC.PA @HedgeyeRetail
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