Overview
LVMH reported that second‑quarter revenue reached €19.5 billion, representing a 3 % organic increase year‑on‑year. The first half of 2026 delivered total revenue of €38.6 billion with 2 % organic growth.
Sales Performance
Strong demand in the United States accelerated sales and helped offset weaker spending in Europe and the Gulf, where the recent Iran conflict dampened consumer activity.
Segment Update
The fashion and leather goods division, LVMH’s largest profit contributor, returned to organic growth for the first time in two years, but the performance fell short of market expectations, with the Iran war reducing growth in the division by roughly one percentage point.
Brand Update
Dior is showing improving momentum under its newly appointed creative director Jonathan Anderson.
Outlook
LVMH said it remains confident despite an uncertain geopolitical and economic backdrop and will continue to focus on strengthening brand desirability through product quality and retail excellence, aiming to reinforce its global leadership in luxury goods during 2026.