LVMH Faces a Slight Revenue Decline in Q1

French luxury powerhouse LVMH Moet Hennessy Louis Vuitton announced a 2% decrease in revenue for the first quarter, totaling €20.3 billion compared to the previous year.

Fashion and Leather Goods Lead Earnings

The company's fashion and leather goods division emerged as the top performer, generating €10.1 billion. However, the wines and spirits sector experienced the most significant annual drop, with a 9% decline.

Regional Performance Highlights

Europe stood out as the sole region with growth, marking a 2% increase. The United States saw a minor downturn despite strong showings in Fashion & Leather Goods and Watches & Jewelry. Japan's performance dipped compared to the first quarter of 2024, which had benefited from robust Chinese consumer spending. The rest of Asia mirrored trends from the previous year.