LVMH Sales Tick up as US Luxury Demand Offsets War Hit
Strong U.S. demand lifted quarterly sales 3% to €19.5 billion, while operating profit fell 4% and Middle East spending weakened.
- On Monday, July 27, 2026, LVMH reported a 3% rise in second-quarter sales to €19.5 billion , as strong United States demand offset sluggish spending in Europe and the Gulf caused by the Iran war.
- United States sales surged 6% in the second quarter, accelerating from 3% growth earlier this year, as luxury brands increasingly target American wealth to counter geopolitical instability in the Middle East.
- The Watches & Jewellery division led growth with an 11% sales surge, while the fashion and leather goods segment posted modest 1% organic growth, hindered by the Middle Eastern conflict.
- Profits from current operations fell 4% to €8.7 billion, and shares in the French group dipped following results, highlighting investor unease regarding the €400 billion luxury sector.
- Bernard Arnault, chair and CEO of LVMH, cited "creative renewal" and brand desirability for momentum, though Bernstein analyst Luca Solca questioned whether performance could sustain the share price.
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US and Asia Drive LVMH Jewelry Rebound
Revenue from jewelry and watches at LVMH grew 3% year on year in the first half of 2026 amid solid demand from the US and Asian markets and a strong performance from Tiffany and Bulgari. Sales for the division rose to EUR 5.23 billion ($5.93 billion) for the six months that ended June 30, the company said Monday. Profit for the category jumped 9% to EUR 831 million ($944.7 million). “Jewelry recorded an excellent performance in the first half of…
LVMH grows despite war and controversy - RetailDetail EU
The French luxury conglomerate LVMH, owner of brands such as Louis Vuitton, Dior, and Bulgari, posted a 3% increase in revenue in the second quarter of this year. Sales were driven primarily by American consumers, while European markets faltered.
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