Overview

• LVMH posted €18.28 billion in third‑quarter revenue with 1% organic growth, its first positive quarterly print this year.
• Regional trends diverged, with Asia including China up 2% and the U.S. up 3%, while Europe fell 2% and Japan dropped 13%.
• Wine and spirits returned to growth helped by a U.S. champagne reorder and rosé sales, as fashion and leather goods declined a modest 2%.
• Management maintained a cautious tone, highlighting exchange‑rate headwinds and the need for volume recovery to support margins.
• The stock rallied intraday by about 13% to roughly €602, lifting peers such as Hermès, Kering, Prada, Richemont, Burberry and Moncler.