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Earnings Analysis: 
Earnings: LVMH, Accor, Tesco
Author: 123jump.com Staff
123jump.com
Last Update: 6:05 PM EDT April 15 2008


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LVMH, luxury goods retailer reported 5% rise in sales in the first quarter. Except at wine and spirit division, sales rose across the board in leather goods, cosmetics, perfumes and jewelry. However, first quarter revenue at largest European hotel operator fell 5% on sale of the U.S. chain Red Roof Inn and exchange rate losses. The third largest European retailer Tesco reported 12% rise in earnings on 11% rise in sales. The company said its losses in U.S. retail chain is within budget.

 

 

 
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