PARIS (Reuters) - Shares in French luxury giant LVMH dropped more than 4% at the market open on Wednesday after the company reported second-quarter sales growth below consensus estimates.

The world's biggest luxury group said on Tuesday its quarterly sales rose 1% year on year to 20.98 bln euros ($22.76 bln), undershooting a poll by LSEG analysts for 21.6 billion.

The earnings miss weighed on other luxury stocks too on Wednesday, with Hermes and Kering both sliding around 3%.