Lanvin Group (LANV, Financial) experienced a significant stock price increase of 8.97%, reaching $1.70 per share with a trading volume of 1,226 shares. The company's recent financial report revealed an operating revenue of $185 million and a net loss of $61.95 million, translating to an earnings per share of -$0.53. The gross profit stood at $106 million, with a price-to-earnings ratio of -1.60. Among the two institutions rating the stock, 100% recommended holding, with no buy or sell suggestions.
The luxury goods sector, where Lanvin Group operates, saw an overall increase of 0.20%. Notable performers in the sector included Tapestry, Inc., The Realreal, Inc., and Capri Holdings Limited, all exhibiting substantial growth. Tapestry, Inc., Brilliant Earth Group, Inc., and Capri Holdings Limited were particularly active, with turnover rates of 1.93%, 1.51%, and 1.30% respectively. Stocks with significant volatility included Myt Netherlands Parent Bv, The Realreal, Inc., and Brilliant Earth Group, Inc., showing amplitudes of 8.04%, 5.69%, and 5.45% respectively.
Lanvin Group Holdings Ltd specializes in a range of luxury products, from apparel to leather goods, shoes, and accessories. The company manages five primary brands: Lanvin, Wolford, Sergio Rossi, St. John, and Caruso, with the majority of its revenue generated from the Wolford division.
