Business · Companies · 2 hrs ago
LVMH revenue falls 1.6% in first nine months of 2026
LVMH, the luxury goods group led by Bernard Arnault, reported €57.15 billion in revenue for the first nine months of 2026.
That was 1.6% less than in the same period a year earlier, although revenue grew 2% after adjusting for currency movements and changes in the group’s business portfolio.
The company said weak demand in China weighed on its fashion and leather goods business, which had a 2% drop in organic revenue.
Asia excluding Japan remains LVMH’s largest regional market, accounting for 27% of its revenue.
Results were slightly below analysts’ expectations overall, while jewelry, wines and spirits, and selective retailing helped support organic growth.
LVMH said it will continue investing in China and focusing on its major brands, creative renewal, and store experiences.
It expects an uncertain economic and geopolitical environment for the rest of 2026 and gave no full-year revenue or profit targets.
LVMH reported revenue of €57.15 billion for the first nine months of 2026, down 1.6% from the same period a year earlier.
Organic revenue growth was 2%, excluding currency movements and changes in the scope of consolidation.
Weak Chinese demand weighed on the Fashion & Leather division, whose revenue fell 4% on a reported basis.
Wines & Spirits, Watches & Jewelry and selective retailing recorded organic growth.
LVMH said the economic and geopolitical environment remains uncertain and gave no full-year revenue or profitability targets.
- Who
- LVMH, the luxury goods group led by Bernard Arnault.
- What
- It reported revenue of €57.15 billion for the first nine months of 2026, down 1.6% year on year.
- When
- The first nine months of 2026.
- Where
- The group’s geographic breakdown lists Asia excluding Japan, the United States and Europe excluding France as its largest markets.
- Why
- Weak Chinese demand, particularly affecting Fashion & Leather, weighed on results; the article also cites consumer sentiment.
This story does not have two clearly opposing sides.
LVMH recorded revenue of €57.15 billion, down 1.6% from the same period a year earlier.
Weak Chinese demand affected the performance of the Fashion & Leather division.
LVMH said it expected an uncertain economic and geopolitical context and gave no full-year quantitative targets.
- Nine-month revenue
- €57.15 billion
- Reported revenue change
- Down 1.6% from the same period in 2025
- Organic growth
- 2%
- Fashion & Leather revenue
- €26.39 billion, down 4% reported and 2% organically
- Asia excluding Japan
- 27% of total revenue
Sources
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