LVMH reports 2 percent organic growth as Bernstein keeps LVMH stock target at EUR 480.00

LVMH Moët Hennessy Louis Vuitton (FR0000121014) was trading at EUR 383.55 at Lang & Schwarz on October 27, 2026, at 9:47 a.m. CEST, down 0.48 percent versus the Xetra close of October 26, 2026. The luxury group reported EUR 57.10 billion in revenue for the first nine months of 2026 and 2.00 percent organic growth in its release dated October 12, 2026, according to LVMH.

Fashion sales fell 5 percent

The headline figure masks a sharp split between business lines. Fashion and Leather Goods revenue reached EUR 26.39 billion in the first nine months, down 2.00 percent organically, while third-quarter organic revenue fell 5.00 percent. The division faced weaker demand in China, according to the October 12 release from LVMH.

Other divisions provided a counterweight. Watches and Jewelry grew 8.00 percent organically in the first nine months, while Selective Retailing increased 6.00 percent. In the third quarter, those divisions grew 6.00 percent and 8.00 percent, respectively.

What does the growth mean?

The answer is that LVMH still expanded organically, but its largest division remained the main drag. Reported group revenue was EUR 57.15 billion for the first nine months, compared with EUR 58.09 billion in the same period of 2025, a 2.00 percent decline. Organic growth therefore outpaced the reported result after a 3.00 percent currency impact.

Three dated revenue markers

On January 27, 2026, LVMH reported fiscal 2025 revenue of EUR 80.80 billion in its investor information. On July 27, 2026, second-quarter revenue was EUR 19.52 billion, according to MarketScreener. On October 12, 2026, the group published its nine-month revenue of EUR 57.10 billion through LVMH.

Dividend and results dates

December 1, 2026 is the next stated ex-dividend date, with a dividend of EUR 5.50. The next annual results date is January 28, 2027, according to the published company calendar.

Analyst target stays higher

Bernstein retained its Buy rating and EUR 480.00 target on October 19, 2026, according to MarketScreener. JPMorgan took a more cautious view on October 13, 2026, cutting its target from EUR 525.00 to EUR 500.00 while keeping a Neutral rating, according to MarketScreener.

Stock stays below the close

LVMH was trading at EUR 383.55 at Lang & Schwarz on October 27, 2026, at 9:47 a.m. CEST, 0.48 percent below the Xetra close of October 26, 2026 at EUR 385.40. The Euronext Paris listing gives investors a direct read on how the market is weighing resilient organic growth against pressure in Fashion and Leather Goods.

The further course of trading is shown by the continuously updated real-time quote of LVMH stock.

Market context: Market report CAC 40.

More news and analyses on LVMH Moët Hennessy Louis Vuitton stock