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Continued growth in the third quarter of 2026
LVMH • • business
Key Points:
- LVMH reported €57.1 billion in revenue for the first nine months of 2026, with organic growth of 2% despite a challenging geopolitical and economic environment.
- The Wines & Spirits segment saw a 5% organic revenue increase, driven by strong performance in champagne, cognac, and rosé wines, while Fashion & Leather Goods experienced a 2% organic decline due to slower demand in China, offset by growth in the US.
- Perfumes & Cosmetics revenue remained stable organically, supported by successful product launches from brands like Christian Dior and Guerlain, whereas Watches & Jewelry achieved 8% organic growth, led by strong jewelry sales and new collections from Tiffany & Co. and Bvlgari.
- Selective Retailing posted 6% organic growth, with Sephora expanding its market share and retail presence, although most DFS businesses were sold.
- LVMH remains confident in its strategy to enhance brand desirability and maintain global leadership in luxury goods amid ongoing economic uncertainties.
