Market Trends - The luxury sector's three-decade boom is over [1] Company Performance - Berenberg analysts downgraded LVMH [1] - LVMH experienced its biggest stock surge since 2001 [1]

Core Insights - LVMH reported Q3 2025 revenue of €18.28bn ($21.15bn), marking a 1% organic increase from Q3 2024, following a 4% decline in the previous quarter [1] - For the first nine months of 2025, LVMH generated €58.1bn in revenue, a 4% decrease compared to €60.75bn in the same period of 2024 [1] Revenue Performance - The company experienced noticeable improvement in Asia (excluding Japan) over the nine-month period, while Europe and the US remained stable year-over-year [2] - Japan's performance weakened due to reduced tourist activity linked to a stronger yen [2] - European revenue in Q3 was affected by reduced tourist spending and currency movements [2] Segment Analysis - Organic revenue growth in Q3 by segment: - Wines and spirits: 1% increase - Perfumes and cosmetics: 2% increase - Watches and jewellery: 2% increase - Selective retailing: 7% increase - Fashion and leather goods: 2% decline [3] - The wines and spirits division saw slight organic growth, supported by champagne and Provence rosé wines, while cognac sales were impacted by US-China trade tensions [3] Year-to-Date Performance - Fashion and leather goods revenue fell 6% organically over the first nine months but showed sequential improvement in Q3 [4] - Perfumes and cosmetics remained stable, supported by new product launches from Dior and Guerlain [4] - Watches and jewellery recorded 1% organic growth driven by Tiffany & Co and Bvlgari [5] - Selective retailing posted 3% organic growth, aided by gains at Sephora and recovery at DFS in Macao and Hong Kong [5] Strategic Outlook - LVMH demonstrated resilience and maintained innovative momentum despite geopolitical and economic disruptions [5] - The company remains committed to enhancing brand desirability through authenticity, quality, retail excellence, and an agile organization [5]

Core Insights - The 2025 Tmall "Double 11" pre-sale event commenced on October 15, with 35 brands achieving over 100 million yuan in sales within the first hour, surpassing last year's performance [1][3] - This year, platforms are focusing on simplifying discount rules and providing direct subsidies to consumers, rather than emphasizing absolute low prices, to enhance shopping experiences and accelerate purchase decisions [1][8] Sales Performance - In the first hour of the pre-sale, 1,802 brands saw sales double year-on-year, with the number of brands exceeding 100 million yuan and active user numbers also surpassing last year [3] - Notable brands that entered the "billion yuan club" include Fila, Proya, SK-II, and Nike [3] - The beauty category showed rapid growth, with several brands breaking the 100 million yuan mark within minutes of the pre-sale start [5] Live Streaming and Consumer Engagement - The number of users placing deposits through Taobao Live saw double-digit growth, with the number of live streaming rooms exceeding last year's figures [6] - Key live streaming hosts like Li Jiaqi experienced over 45% growth in visitor numbers during the first hour [6] Category Performance - Categories such as beauty, maternal and infant products, fashion, and food performed exceptionally well, with some categories seeing growth rates close to 80% [6] - The first day of Taobao Flash Sales recorded over 200% growth in night snack orders across 270 cities, with supermarket and convenience store orders increasing by 670% [6] AI Integration in E-commerce - This year's "Double 11" event features a significant integration of AI technology to enhance operational efficiency and user experience across platforms [8][9] - Platforms are offering free access to AI tools for merchants, covering various aspects of the e-commerce process, including content generation and customer service [9]

French billionaire Bernard Arnault’s net worth rose by more than $19 billion on Wednesday as shares of his luxury goods conglomerate LVMH surged more than 14%.Read more: https://t.co/3mSYpWqCNX https://t.co/tq9I09Plka ...

Core Insights - LVMH identified the U.S. as a strong market for luxury goods, with brands like Tiffany and BVLGARI gaining momentum despite a focus on value among consumers [2][4] - The company's U.S. revenue increased by 3% year-over-year in the third quarter, contrasting with negative sales in Europe and Asia [3][4] - Wealthy Americans, particularly the top 5%, are driving luxury spending due to significant gains from the stock market and rising incomes [5][8] Group 1: U.S. Market Performance - LVMH's brands performed well in the U.S. market, contributing positively to overall sales amid weaker performance in other regions [2][4] - The U.S. economy is increasingly reliant on affluent consumers, which is beneficial for luxury brands [3][5] Group 2: Consumer Behavior - Research indicates that wealthy Americans are spending more freely, significantly impacting the luxury goods market [5][8] - The top 5% of earners are experiencing income growth at a faster rate than middle and low-income households, further supporting luxury spending [5] Group 3: Market Trends - Despite a general trend towards value-seeking among consumers, luxury brands like LVMH are seeing increased sales, highlighting a divergence in consumer behavior based on income levels [2][8] - LVMH's CFO noted a rebound in consumption linked to recent political events, suggesting external factors can influence luxury spending patterns [9]

French billionaire Bernard Arnault’s net worth rose by more than $19 billion on Wednesday as shares of his luxury goods conglomerate LVMH surged more than 14%.Read more: https://t.co/3mSYpWqCNX https://t.co/767BBlMKlB ...

Cyril Marcilhacy / Bloomberg via Getty Images LVMH described the U.S. as a source of strength on a recent conference call. Key Takeaways Despite a move toward value-seeking in the U.S., Americans helped bolster sales at LVMH Moët Hennessy, the luxury goods conglomerate said. Research shows wealthy Americans are spending more freely than others and playing an outsize role in the economy. Americans haven't fallen out of love with luxury goods. While retailers and consumer-goods companies say American ...

Core Insights - LVMH has shown signs of recovery in the luxury sector, with a 1% year-on-year organic growth in the third quarter, marking a turnaround after two consecutive quarters of decline [3][6] - Telsey Advisory upgraded LVMH's rating to "Outperform" and raised the price target from $575 to $585, reflecting positive market sentiment [1][6] - The company's stock surged by 13% following the positive earnings report, significantly boosting Bernard Arnault's fortune by over $19 billion in just 24 hours [2][3] Financial Performance - LVMH reported third-quarter revenue of 18.3 billion euros ($21.3 billion), slightly lower than the previous year's 19.1 billion euros but exceeding analysts' expectations [3] - The current stock price of LVMUY is $138.83, reflecting an increase of 2.08% or $2.83, with a market capitalization of approximately $346.29 billion [4] - Over the past year, LVMUY's stock reached a high of $159.97 and a low of $101.80, indicating volatility in the luxury market [5] Market Impact - LVMH's unexpected positive performance has lifted the European luxury sector into positive territory, with shares trading 12.6% higher [4][6] - The luxury sector is showing signs of recovery, with LVMH's performance serving as a key indicator for the market's future direction [5]

连续多季度收入下滑后，LVMH集团终于在今年三季度缓了口气。LVMH集团近日发布的财报显示，今 年三季度收入有机增长1%，终结连续两个季度下滑的局面。LVMH集团管理层对此给予肯定的同时也 坦言未来将面临不小的挑战。业界也同样表示担忧，随着LVMH集团旗下多品牌客户信息泄露引发的信 任危机不断扩大以及奢侈品降温等影响，LVMH集团能否维系增长存在一定的不确定性。 业绩回暖 根据财报数据，今年前三季度，LVMH集团营收约580亿欧元，有机增长同比下降2%，若计入2%的汇 率折算影响则环比下降4%。今年三季度，营收182亿欧元，实现1%的有机增长，但若计入5%的汇率折 算影响则环比下降4%。 LVMH集团相关人士向北京商报记者透露，LVMH集团管理层对于此季度的表现给予肯定。根据该人士 提供的信息，LVMH集团首席财务官塞西尔·卡巴尼斯在财报电话会议上表示："LVMH集团在今年前三 季度表现出良好的韧性，三季度所有业务部门的趋势都有所改善。" 从各业务来看，今年三季度，LVMH集团葡萄酒与烈酒业务实现有机收入1%的增长，时尚皮革制品业 务有机收入下滑2%，香水化妆品业务实现2%的有机增长，选择性零售实现7%的有机 ...

The stock surge also pushes LVMH’s market cap to €304.89—making it Europe’s second most valuable company by market cap. https://t.co/3mSYpWraDv (Photo: Arnold Jerocki/FilmMagic via Getty Images) https://t.co/RBiZHEEcPW ...