Overview

• LVMH posted a 22% drop in first-half net profit to €5.70 billion and a 4% slide in second-quarter sales to €19.5 billion.
• Sales at its fashion and leather division fell 9%, missing analysts’ forecasted 6% decline.
• The wine and spirits division saw an 8% revenue drop to €2.6 billion, while perfumes and cosmetics rose 1%, selective retailing climbed 4%, and watches and jewelry held steady.
• CFO Cecile Cabanis said Louis Vuitton and Dior could use pricing power to cushion tariff impacts and suggested a 15% U.S. tariff might boost consumer sentiment.
• Management pointed to improved domestic demand in China as a stabilizing factor and underlined the need for vigilance as EU–US trade talks advance.