LVMH Fashion and Leather Goods Revenue Drops 5% in Third Quarter
LVMH’s key fashion and leather goods division missed forecasts as China’s weaker economy and cautious consumers weighed on luxury demand.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
The Wall Street Journal reports that LVMH’s Fashion and Leather Goods division saw third-quarter sales decline 5%, falling short of analysts’ expectations. Revenue at the unit, which includes Louis Vuitton, Dior, Celine, Loewe and Fendi, reached EUR8.25 billion, equivalent to $9.2 billion, versus an EUR8.39 billion forecast.
The world’s largest luxury group by sales attributed the result to a worsening economic backdrop in China, particularly at the beginning of the quarter. Across the group, organic sales increased 1% from a year earlier, supported in part by watches and jewelry.
RBC Capital Markets analysts said the figures indicated that an already fragile recovery had stalled after showing momentum earlier in the year. LVMH shares are down about 40% since the start of the year.
why it matters
The weak performance in the closely watched division highlights how China’s prolonged slowdown and subdued consumer confidence continue to pressure luxury spending. The result matters for European luxury companies that have relied heavily on the country’s expanding middle class.
instruments
sources
- LVMH Fashion and Leather Goods Sales Fall 5% — WSJ — Newsmetry API, 12 October 2026 at 17:03 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗