LVMH Revenue Rebound Unlikely to Happen Soon

Dow Jones
Sep 22

0613 GMT - LVMH revenue growth is unlikely to accelerate anytime soon, RBC Capital Markets analysts Piral Dadhania and Richard Chamberlain write in a note. They previously expected the French luxury conglomerate to post an uptick in revenue in the second half of 2026, helped by a creative renewal at Dior, one of its heavyweight brands. But this will be offset by weakening economic trends as well as a softened luxury demand environment in the third quarter, the analysts say. The war in the Middle East and its consequences--including the impact of the conflict on Asian travel flows and higher oil prices pressuring consumers--are taking a toll, they add. The analysts expect these conditions to persist into 2027. RBC downgrades the stock to a sector perform rating from outperform. Shares closed at 405.50 euros on Monday.

 

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