LVMH Reports 3% Revenue Drop for First Half of 2026 Amid Organic Growth
Luxury goods giant LVMH reported first-half revenue of €38.64 billion in H1 2026, a decline of 3% on a reported basis but with organic growth rising by 2%. The second quarter saw stronger performance, with organic growth accelerating to 3%, or 4% excluding the impact of geopolitical tensions like the Middle East conflict. Profit from recurring operations fell slightly to €8.69 billion, while net profit remained stable at €5.69 billion. Divisional results varied: Watches and jewellery led with strong performance, showing organic growth of 9%, whereas fashion and leather goods revenue dropped by 5% on a reported basis but returned to modest organic gains in Q2. LVMH also announced the sale of Marc Jacobs to WHP Global as part of its strategic adjustments. Despite an uncertain economic environment, CEO Bernard Arnault expressed confidence in maintaining brand desirability and quality while adapting strategies for long-term resilience.
Topics: M&A organic_growth profit revenue