Overview

• LVMH’s sales fell 4% in the second quarter to €19.5 billion, driving a 22% drop in first-half net profit to €5.7 billion.
• Fashion and leather goods sales tumbled 9% under pressure from weakened Asian tourism and broader demand softness.
• Selective Retailing, anchored by Sephora, delivered a 12% profit increase and 4% revenue growth on resilient beauty spending.
• Management expects EU-US trade talks to yield positive outcomes and is planning a Texas factory by 2027 to curb tariff risks.
• Shares climbed 3.9% on the Paris exchange after the results as investors cited indications of an approaching earnings trough.