NEW YORK — Louis Vuitton Inc. on Thursday reported a 2.55% rise in quarterly profit after an increase in sales of jewelry, jewellery accessories and earrings.
The jewelry company reported a quarterly profit of 7.8 billion euros ($9.7 billion) for the third quarter ended March 30.
That was a 0.9% increase over the same period a year earlier.
Louis Vuisson jewelry sales jumped 1.5%, or 7.5 million euros, to 8.9 million euros.
It also reported a profit of 2.2 billion euros for the quarter ended July 31.
The company reported sales of $3.9 billion, up 7% from a year ago.
Louis VUitton, the world’s largest luxury goods retailer, saw a 1.2% increase in its revenue for the second quarter.
The company posted a profit for the period of 5.3 billion euros.
Louis Vuitton also reported sales for the March quarter of $2.6 billion.
The luxury goods company posted sales of 6.5 billion euros, up 2% from the same quarter last year.