Companies

LVMH reports accelerating sales growth in the second quarter

Jul 29, 2026 France

Despite geopolitical and economic headwinds, including tensions in the Middle East, the France-based luxury group reported a solid first-half performance, with sales growth accelerating in the second quarter

In the first half of the 2026 financial year, LVMH recorded a total revenue of 38.6 billion euros. This represents a 3% decrease on a reported basis, but a 2% increase on an organic basis, compared to the same period the previous year.

The group highlighted that growth accelerated in the second quarter, with organic revenue growth of 3% (4% excluding the impact of the conflict in the Middle East).

Between January and June, growth accelerated in the United States and strong growth was seen in Asia (excluding Japan), confirming the improvement in trends observed from the second half of 2025 onwards. Japan recorded growth over the six-month period, while Europe demonstrated “good resilience”.

The Fashion & Leather Goods business group recorded first-half revenue of 18.1 billion euros, reflecting a year-on-year decrease of 5% on a reported basis and 1% on an organic basis. However, sales in the second quarter grew by 1% on an organic basis, an improvement on the 2% decline recorded in the first quarter of the year.

The Watches & Jewellery business group stood out with revenue growth of 3% and 9% in the first half of the year, on a reported and organic basis respectively, reaching 5.2 billion euros. It also achieved growth of 11% in the second quarter, compared to the same period in 2025.

“LVMH demonstrated its solidity and effective strategy (…). Accelerating growth in the second quarter arose in particular from the success of Jonathan Anderson’s first designs for Christian Dior, the remarkable performance of Louis Vuitton’s exceptional new stores in Beijing and Seoul, and Tiffany and Bvlgari’s iconic lines”, emphasised Bernard Arnault, Chairman and CEO of LVMH.

In the first six months of the year, the group’s profit from recurring operations amounted to 8.7 billion euros, equating to a high operating margin of 22.5%. The share of net profit was 5.7 billion euros, which was stable year-on-year.

Image Credits: nytimes.com

France Companies Luxury LVMH Quarter Results Results