LVMH reported 1% organic revenue growth in the third quarter of 2026, as demand in China weakened. Revenue for the first nine months of the year reached €57.1 billion.
The company said growth in the United States, Europe, and Japan helped offset weaker demand in China.
Fashion & Leather Goods, LVMH’s largest division and home to Louis Vuitton and Christian Dior, recorded a 5% organic sales decline in the quarter. The reversal from previous growth was a main driver of the group’s modest performance. LVMH shares fell after the announcement as investors reacted to concerns about the Chinese market.
Other divisions posted growth. Watches & Jewelry grew 6% organically, while Selective Retailing, which includes Sephora, rose 8%. Wines & Spirits also grew 6% organically.