LVMH nine-month revenue falls 2% as China demand weakens
LVMH reported a 2% decline in nine-month 2026 revenue, while organic growth reached 2% as weaker Chinese demand slowed third-quarter momentum.
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what happened
According to Newsmetry API, citing the company’s press release, French luxury group LVMH recorded revenue of €57.15 billion for the first nine months of 2026, down 2% on a reported basis. Organic revenue increased 2%. Growth slowed in the third quarter as demand weakened in China, while the United States, Europe and Japan delivered good growth.
The Watches & Jewelry division posted 8% organic revenue growth over the nine-month period, led by jewelry. Wines & Spirits benefited from a recovery in champagne sales in Europe and new product launches in the United States. Sephora’s revenue growth was supported by market-share gains, exclusive launches and expansion of its retail network.
LVMH said it would maintain its strategy of strengthening brand desirability while economic and geopolitical uncertainty persists. The average analyst recommendation on the shares is “buy”: 21 ratings are “strong buy” or “buy”, 9 are “hold” and 1 is “sell” or “strong sell”.
why it matters
The median 12-month analyst price target for LVMH Moet Hennessy Louis Vuitton SE is €515.00, around 35.5% above its October 9 closing price of €380.00. The shares recently traded at 16 times forward 12-month earnings, versus 20 three months earlier.
instruments
sources
- France's LVMH nine-month revenue slips amid weak Q3 demand in China — Newsmetry API, 12 October 2026 at 15:57 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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