Core Insights - LVMH's wine-and-spirits sales experienced a 9% decrease in organic revenue for Q4 2025, contributing to an annual decline of 5% [1][2] - The wine-and-spirits division, which includes brands like Glenmorangie and Belvedere, reported a 9% drop in revenue to €5.36 billion ($6.41 billion) and a 25% decline in profit from recurring operations to €1.02 billion [2] - The Champagne business showed resilience, maintaining a market share of 22% in Champagne-appellation shipments despite a global decline in Champagne sales volumes for the third consecutive year [3] - Hennessy cognac sales were negatively impacted by weaker local demand, attributed to customs duty issues in China and the US, while Provence rosé wines continued to outperform their category [4] - Overall group revenue for LVMH fell 5% to €80.81 billion, with a 1% decline on an organic basis [4]