LVMH Moët Hennessy Louis Vuitton reported first-quarter revenue of €19.1 billion. This figure represents a 6% decline on a reported basis. The results missed analyst estimates.
Organic revenue grew by 1%, matching the growth rate of the previous quarter. This performance indicates a persistent slowdown in demand for high-end goods. Management attributed the results to a challenging geopolitical environment and adverse currency effects.
The Fashion & Leather Goods division, including Louis Vuitton and Dior, saw a 2% organic sales decline. This core segment fell short of analyst expectations.
The U.S. market and Asia recorded growth during the quarter. Conversely, sales performance in Europe and the Middle East remained weak. These results from the industry leader signal a cooling trend for the broader luxury sector.