LVMH Moët Hennessy Louis Vuitton, FR0000121014

LVMH reports mixed nine-month sales: LVMH stock falls 1.50 percent

Published on 10/23/2026 at 10:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LVMH posted EUR 57.15 billion in nine-month revenue and 2.00 percent organic growth. LVMH stock costs EUR 382.00, 1.50 percent below Xetra close.

Fashion weakness tests growth

LVMH reported EUR 57.15 billion in nine-month revenue on October 12, 2026.
Fashion and Leather Goods organic revenue fell 5.00 percent in the third quarter of 2026.
LVMH stock trades at EUR 382.00 at 10:03 a.m. CEST at Lang & Schwarz on October 23, 2026, 1.50 percent below the Xetra close of October 22, 2026.

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LVMH Moët Hennessy Louis Vuitton (FR0000121014) was trading at EUR 382.00 at Lang & Schwarz on October 23, 2026 at 10:03 a.m. CEST, 1.50 percent below the Xetra close of October 22, 2026 at EUR 387.80. The group reported EUR 57.15 billion in revenue for the first nine months of 2026, with organic growth of 2.00 percent, in a release dated October 12, 2026 from LVMH.

Fashion remains the pressure point

The headline figure masks a sharp split between LVMH's business groups. Fashion and Leather Goods generated EUR 8.25 billion in third-quarter revenue, while organic revenue fell 5.00 percent from the same quarter of 2025, according to LVMH on October 12, 2026. The division's nine-month revenue was EUR 26.39 billion, down 2.00 percent organically.

The weakness was concentrated in China, while the United States, Europe and Japan delivered growth during the third quarter. LVMH said its largest division continued to benefit from the buoyant US market but faced slower Chinese demand, making geographic mix more important than the group total.

What does China mean for growth?

The answer is visible in the contrast with other divisions. Selective Retailing posted 8.00 percent organic growth in the third quarter, while Watches and Jewelry and Wines and Spirits each grew 6.00 percent organically. Perfumes and Cosmetics rose 1.00 percent, according to the October 12 release.

For investors, the key issue is whether strength outside Fashion and Leather Goods can offset the group's biggest division. LVMH's nine-month reported revenue declined 2.00 percent year over year, even as organic revenue increased 2.00 percent. That gap reflects a 3.00 percent currency impact and a 1.00 percent effect from changes in consolidation scope, as stated by LVMH.

Stock stays below the prior close

The current euro quotation places the shares EUR 5.80 below the Xetra close used for the daily comparison. The price is also above the 52-week low of EUR 375.65 shown by the current market quote, leaving the recent operating split as the central valuation question.

LVMH stock was trading at EUR 382.00 at Lang & Schwarz on October 23, 2026 at 10:03 a.m. CEST, 1.50 percent below the Xetra close of October 22, 2026 at EUR 387.80. The further course of trading is shown by the continuously updated real-time quote of LVMH Moët Hennessy Louis Vuitton stock.