LVMH reported Q1 2026 revenue of €19.1 bn, missing consensus €19.6 bn and showing 5.9% YoY decline.
Fashion & Leather Goods sales fell 2% organically, generating €9.25 bn (‑8.5% YoY) below the €9.48 bn estimate, hurt by Middle‑East conflict.
Watches & Jewelry posted 7% organic revenue growth, surpassing the 4.21% consensus estimate.
Wines & Spirits achieved 5% organic growth, defying a forecasted 0.83% decline, boosted by a favorable Chinese New Year calendar for Cognac.