Overview

• LVMH reported third-quarter organic sales up 1% to €18.28 billion, marking its first quarterly increase of 2025.
• Fashion and leather goods revenue fell 2% to €8.5 billion, improving from a 9% drop in Q2 and beating expectations for a steeper decline.
• CFO Cécile Cabanis said Mainland China turned positive and Asia excluding Japan improved, with solid local demand in the U.S. as Europe and Japan trailed.
• Shares jumped about 13% after the update, lifting the Stoxx Europe Luxury 10 index roughly 3.5% and boosting peers such as Kering and Burberry.
• Selective retailing led with 7% growth as Sephora delivered a standout quarter, while perfumes and cosmetics and watches and jewellery each rose 2% and wines and spirits gained 1%, with currency headwinds still flagged.