LVMH reported first-quarter 2026 revenue of €19.1 billion. Reported revenue fell 6% year-over-year while organic growth rose 1%. Currency fluctuations and the Middle East conflict impacted the total.
The Fashion & Leather Goods division recorded a 2% organic decline. Watches & Jewelry organic revenue increased by 7%. Wines & Spirits organic sales grew 5%.
Asia excluding Japan posted strong growth while European demand softened. The United States market delivered a solid start to the year.
LVMH stock declined 0.32% following the report. The minor price movement indicates the market had priced in these headwinds.