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LVMH Surpasses Q3 Revenue Expectations | Markets & Money News
LVMH reported third-quarter revenues of €18.5 billion, slightly exceeding estimates. While sales surged in the U.S., Europe, and Japan, performance in China faltered, notably impacting their fashion and leather goods division, which saw a 5% drop in organic revenue. Overall, organic growth for the quarter was 1%, with a 2% decline year-to-date. However, their watches and jewelry segment thrived, growing 6%. Despite economic uncertainties, LVMH remains committed to enhancing brand desirability
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