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LVMH 2026 H1 results amid Middle East conflict

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2026-08-01 23:26 UTC → 2026-08-03 13:22 UTC · added removed

LVMH 2026 H1 results and deepening share slump amid Middle East conflict

LVMH’s first‑half 2026 revenue came in stood at €38.6 billion, a modest 2 3 % organic rise, year‑on‑year decline, reflecting a challenging geopolitical environment, notably the conflict in the Middle East. Operating profit was €8.7 billion, delivering a 22.5 % margin, while overall sales fell net profit remained €5.7 billion, about €0.5 billion below analysts’ expectations. Organic revenue grew 3 % year‑on‑year. in Q2 and would have risen 4 % if the conflict’s impact were excluded. The performance was buoyed by strong sales at Christian Dior, new Louis Vuitton stores in Beijing and Seoul, and continued growth in the Tiffany & Co. and Bvlgari lines, alongside higher sales of Sephora, champagne and cognac. The fashion and leather‑goods segment added 1 % to €8.9 billion, ending a multi‑quarter decline, and the while watches‑and‑jewellery division grew 11 % on the back of Tiffany and Bulgari. Net profit reached €5.7 billion, roughly €0.5 billion shy of analysts’ forecasts. its high‑margin brands. The group’s share price has slipped remains about 50 % from below its 2023 peak, deepening the slump noted earlier in the year. Analysts at Morningstar, Citi and UBS now label the stock undervalued, pointing to though analysts see upside from stabilising demand in the United States and early signs of recovery signs in China and Europe as potential upside. The split between “hard” luxury (jewellery, watches) and “soft” luxury (apparel, accessories) remains pronounced. Richemont posted 11 Europe. Marie Brizard Wine & Spirits, an LVMH subsidiary, reported a 3 % revenue growth drop to €84 million, with a modest Q2 rebound driven by its jewellery and watch businesses, while Hermès maintained a 41 % operating margin. Kering’s profit continued to plunge, mirroring the broader challenges facing fashion‑focused brands. Dior’s strong U.S. and Japan French gastronomy sales underscore the importance of flagship labels in the ongoing recovery. and new product launches.

Versions

  1. 2026-08-03 13:22 UTC LVMH 2026 H1 results amid Middle East conflict
  2. 2026-08-01 23:26 UTC LVMH 2026 H1 results and deepening share slump
  3. 2026-08-01 18:11 UTC LVMH 2026 half‑year performance and share slump
  4. 2026-07-31 10:35 UTC LVMH 2026 half‑year performance and share slump

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