LVMH (MC FP) Q1 2026 (EUR): Total revenue 19.12bln (exp. 19.49bln); Fashion & Leather organic sales -2% (exp. -0.05%)
Importance
Level 1
Q1:
- Fashion and Leather goods sales 9.25bln (exp. 9.46bln).
- Perfumes and cosmetics sales 2.04bln (exp. 2.10bln).
- Watches and jewellery sales 2.44bln (exp. 2.46bln).
- Selective retailing sales 4.05bln (exp. 4.19bln).
- Wines and Spirits sales 1.27bln (exp. 1.23bln).
Commentary:
- Middle East conflict also impacted tourist spending in Europe.
- US demand is holding up despite middle East conflict.
- Middle East conflict had a negative impact of around 1% on Q1 organic growth.
- China improved further, trading during Chinese new year was good.