LVMH third-quarter sales miss estimates as fashion division contracts
LVMH’s organic sales rose 1% to €18.28 billion, while its fashion and leather goods division reported a 5% decline.
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what happened
France’s LVMH posted weaker-than-anticipated organic sales growth for the third quarter, with revenue on that basis rising 1% year-on-year to €18.28 billion ($20.40 billion). Visible Alpha’s analyst consensus had pointed to a 1.3% increase. Organic figures exclude the effect of currency movements.
The fashion and leather goods unit, home to Louis Vuitton and Dior and responsible for nearly half of group revenue, recorded a 5% organic sales decline. Analysts had expected a 1.8% drop. Newsmetry API reported that LVMH was the first major company to release its third-quarter results.
why it matters
The update may add to investor concerns about the $350 billion luxury sector, which has been caught in a three-year slowdown and is struggling to recover its previous momentum. The exchange rate given in the original report was $1 = 0.8960 euros.
instruments
sources
- LVMH third-quarter sales below expectations as fashion and leather division shrinks — Newsmetry API, 12 October 2026 at 15:45 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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