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LVMH's revenue rose 1% YoY in Q3, driven by retail and new products, reversing earlier declines.
LVMH reported a 1% year-on-year increase in third-quarter organic revenue to €18.28 billion ($21.15 billion), its first growth since the start of the year, beating forecasts and reversing a prior 4% decline.
The fashion and leather goods segment saw a 2% drop, improving from a 9% fall in the second quarter, while mainland China showed signs of stabilization with revenue down in the low single digits.
Strong performance in retail, driven by Sephora, and new product launches helped offset weaker tourist-driven sales in Europe due to currency issues.
The company’s leadership emphasized continued investment in creativity, including new designers at Dior, Celine, Givenchy, and Fendi, as part of a broader strategy to drive recovery amid ongoing global economic uncertainty.
Los ingresos de LVMH aumentaron un 1% interanual en el tercer trimestre, impulsados por las ventas al por menor y los nuevos productos, revirtiendo los descensos anteriores.