LVMH reports Q1 organic revenue down 6% year-over-year

LVMH (LVMUY) recorded revenue of EUR19.1B in the first quarter of 2026. LVMH maintained its powerful innovative momentum and showed good resilience in a geopolitical and economic environment that remained disrupted, amplified by the conflict in the Middle East. The United States experienced a good start to the year. In Europe and Japan, resilient local demand helped to partly offset lower tourist spending. Asia (excluding Japan) saw strong growth, confirming the improvement in trends observed starting in the second half of 2025. The Middle East was impacted by the conflict in March, following a very positive start to the year. The conflict had a negative impact of around 1% on organic growth for the quarter.