LVMH down on Tradegate after Q1 sales miss expectations

LVMH Moet Hennessy Louis Vuitton SE

14/04/2026 07:41

** Shares in LVMH LVMH.PA are down 2.4% on Tradegate vs the previous session's closing price after its Q1 results missed expectations, partially weighed down by the war in Iran

** Q1 sales at the fashion behemoth's core leather and fashion division (F&LG) slip 2% organically, below analyst estimates of a 1% decline, to 9.25 billion euros ($10.88 billion)

** LVMH says the war shaved at least 1% off its total group sales, as lower spending in the Gulf region, and fewer tourists in Europe added to the weakness

** J.P. Morgan says the F&LG division performance is "a tad softer" and shows little progress sequentially

** It remains negative even excluding the Middle East disruption, the broker adds

** "With limited negative earnings revisions at this point, and the sector already trading towards the bottom end of its recent trading range, the downside pressure on the luxury stocks might be contained", it, however, says

** Up to the previous session's close, shares lost about 25.3%​ YTD

($1 = 0.8501 euros)

(Reporting by Mateusz Rabiega)

((mateusz.rabiega@thomsonreuters.com))