Lanvin Group (LANV, Financial) experienced a sharp decline in its stock price, dropping 8.91%. The stock is currently trading at $1.52 with a volume of 356 shares. Recent financial reports reveal significant challenges for the company, with revenue at $185 million and a net loss of $61.95 million, resulting in an earnings per share of -$0.53. The price-to-earnings ratio stands at -1.43.
Analysts have given a unanimous hold rating on Lanvin Group, with no recommendations for buying or selling. The luxury goods sector, where Lanvin operates, experienced an overall decline of 1.20%. In this sector, notable performances include gains by Envela Corporation, Signet Jewelers, and Birks Group Inc. Active stocks include Capri Holdings Limited and The Realreal, Inc., with turnover rates of 3.14% and 1.48%, respectively. Stocks like The Realreal, Inc. and Brilliant Earth Group, Inc. show significant volatility.
Lanvin Group Holdings Ltd offers a wide range of products, including apparel, leather goods, shoes, and accessories. It operates five major brands: Lanvin, Wolford, Sergio Rossi, St. John, and Caruso, with the majority of revenue coming from the Wolford division.
