LVMH sales growth slows to 1% in Q3, fashion sales fall 5%
AI-generated briefing · First published
LVMH reported 18.5 billion euros in Q3 sales, with fashion revenue down 5% and organic growth at 1%, below Q2's 3%.
LVMH reported third-quarter sales of 18.5 billion euros ($20.72 billion), with organic growth slowing to 1% from 3% in the second quarter, casting doubt on the luxury sector's recovery. [1] [2]
The group's fashion division, including Louis Vuitton and Dior, posted an unexpected 5% revenue decline to 8.245 billion euros, while watches and jewelry rose 6% and selective retailing grew 8%. [2]
LVMH cited weaker Chinese demand and a tougher consumer environment, with analysts noting that luxury demand has deteriorated and investors are likely to remain cautious until sales accelerate. [2]
Sources
- LVMH’s Creaking Sales Cast Pall Over Luxury’s Fragile Recovery
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