Overview

• Organic revenue rose 1% to €19.1 billion, topping analyst estimates, while reported revenue fell 4.2% to €18.2 billion.
• Sales in the region that includes China grew 2% after a first-half decline, with the CFO calling demand there encouraging.
• U.S. revenue increased 3% and Europe fell 2%, reflecting uneven regional trends in luxury spending.
• The wines and spirits unit returned to growth, supported by U.S. champagne restocking and strong rosé sales.
• LVMH said nine-month reported revenue declined 4% to €58 billion (down 2% excluding currency) and warned that fourth-quarter comparisons will be tougher as peers' shares also rallied.