Overview

• LVMH reported Q1 2025 revenue of €20.3 billion, a 3% decline year-over-year, falling short of analysts' expectations for slight growth.
• Key divisions underperformed, with Fashion & Leather Goods revenue down 5% and Wines & Spirits sales dropping 9%.
• U.S. tariff uncertainties, introduced earlier this month by President Donald Trump, have dampened consumer sentiment and complicated market conditions.
• LVMH's share price dropped 8%, reflecting investor concerns, and Hermès briefly overtook LVMH in market capitalization, highlighting shifting dynamics in the luxury sector.
• The company is exploring strategic measures, including increasing U.S. production, to mitigate the impact of tariffs and stabilize its business.