France's LVMH nine-month revenue slips amid weak Q3 demand in China

LVMH Moet Hennessy Louis Vuitton SE

12/10/2026 16:57

Overview
France luxury goods group's nine-month 2026 revenue fell 2% reported, up 2% organically
Company says Q3 growth slowed due to weaker demand in China, offset by US, Europe, Japan
Watches & Jewelry segment posted 8% organic revenue growth in nine months, led by jewelry

Outlook
Company says it will maintain strategy focused on enhancing brand desirability amid uncertainty
LVMH cites ongoing economic and geopolitical uncertainty as a factor for current outlook

Result Drivers
CHINA SLOWDOWN - Co said Q3 growth was affected by weaker demand in China, while US, Europe and Japan saw good growth
WINES & SPIRITS RECOVERY - Champagne recovery in Europe and new product launches in US supported Wines & Spirits growth
SEPHORA EXPANSION - Sephora's revenue growth driven by market share gains, exclusive launches and retail network expansion

Company press release: ID:nGNE58P1YQ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
 
EUR 57.15 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories peer group is "buy"
Wall Street's median 12-month price target for Lvmh Moet Hennessy Louis Vuitton SE is €515.00, about 35.5% above its October 9 closing price of €380.00
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 20 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)