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中国市场疲软拖累时尚销售,LVMH 股价下跌

LVMH stock dips as fashion sales fall on China weakness

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中国市场疲软导致时尚销售下滑,奢侈品集团 LVMH 股价随之走低。LVMH 股价周二下跌超过 1%,此前一天该集团公布了业绩。

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LVMH stock dips as fashion sales fall on China weakness

AuthorSam Boughedda

Stock Markets

Published Oct 12, 2026, 12:09 PM

Updated Oct 13, 2026, 04:02 AM

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LVMH stock dips as fashion sales fall on China weakness

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LVMH stock dips as fashion sales fall on China weakness

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Image 1: © Reuters

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In this article:

LVMH-1.87%

Investing.com -- LVMH shares fell more than 1% Tuesday, a day after the luxury giant reported weaker-than-expected sales in its core fashion and leather goods business, weighed down by deteriorating demand in China.

After the close on Monday, LVMH reported third-quarter revenue of €18.5 billion, slightly ahead of the €18.46 billion consensus, as growth in the U.S., Europe and Japan offset a weaker Chinese market.

Stay ahead of every breaking move with real-time news and Wall Street commentary on InvestingPro

Organic revenue rose 1% in the quarter. For the first nine months, revenue came to €57.1 billion, down 2% as reported and up 2% on an organic basis.

The fashion and leather goods division, the group’s largest, saw organic revenue fall 5% in the quarter. LVMH said the unit continued to benefit from a buoyant U.S. market but was hit by slowing demand in China. Revenue in the division was €8.25 billion, down from €8.5 billion a year earlier.

Watches and jewelry grew 6% organically, driven by jewelry. Tiffany & Co. strengthened its HardWear, Knot and Sixteen Stone lines, while Bvlgari’s new Eclettica high jewelry and watch line generated record revenue.

Selective retailing was the strongest performer, with organic growth of 8%. Sephora gained market share in several countries, helped by exclusive launches including Rhode, and entered Belgium and Croatia.

Wines and spirits rose 6% organically. The champagne business continued to recover, particularly in Europe, while Hennessy cognac saw good momentum in Asia.

Perfumes and cosmetics grew 1% organically, helped by launches including Dior’s J’adore Intense and Sauvage Extrait.

Looking ahead, the group said that despite “an economic and geopolitical environment that remains uncertain, the Group remains confident and will maintain a strategy focused on continuously enhancing the desirability of its brands, drawing on the authenticity and quality of its products, its excellence in retail and its agile organization.”

Vahid Karaahmetovic contributed to this report.

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