Luxury giant LVMH is "seriously considering" bulking up its production capacities in the United States, CEO Bernard Arnault said on Tuesday, praising a "wind of optimism" in the country that contrasted with the "cold shower" of potentially higher corporate taxes in France.

I’m not going to report record revenue, but it was nonetheless a robust year," CEO Bernard Arnault said during the earnings call.

The fourth quarter saw LVMH book 23.9 billion euros ($25.1 billion) in total revenue, which was essentially flat year over year. Zooming out to the entirety of 2024, LVMH earned nearly 84.7 billion euros ($88.

LVMH has made a good start to 2025, CEO Bernard Arnault said on Tuesday, after the luxury conglomerate posted a slight rise in fourth-quarter sales, though analysts cautioned it may still fall short of heightened market expectations after recent share gains.

LVMH Chairman Bernard Arnault said sales at Tiffany & Co. increased in the most recent quarter and the jeweler has become more profitable since it was bought by the luxury French conglomerate.

The Loewe and Dior owner said multiple divisions have faced challenges as consumer luxury spending decreased following pandemic-era highs.

LVMH Moët Hennessy Louis Vuitton said it was confident heading into 2025 after revenues were broadly flat in the fourth quarter, with its key fashion and leather goods division curtailing its declines.

The conglomerate’s all-important fashion and leather goods division reported that sales declined by 1 per cent in the fourth quarter.

Shares of luxury conglomerate LVMH Moet Hennessy Louis Vuitton rose after it posted fourth-quarter sales ahead of the average Wall Street target, despite a broad slowdown in demand for premium consumer goods. Shares of LVMH fell after executives forecast a slow grind to recover its momentum in the Chinese market.

LVMH Watch Week in New York City, under La Fabrique du Temps Louis Vuitton, includes brands like Bulgari, Hublot, relaunched Daniel Roth and Gérald Genta.

LVMH sales barely rose in the final quarter of last year, as holiday shoppers remained cautious about splashing out on luxury goods.