Versions walk the path throughout the Louis Vuitton Paris Womenswear Spring-Summer 2025 show as part of Paris Fashion Week on October 01, 2024 in Paris, France. LVMH revenue was down in the 3rd quarter.
Francois Durand using Getty Images
3rd quarter earnings dropped 4.4% year over year to 19 billion euros. Fashion and leather products, which stand for the business’s largest department, saw earnings autumn 6.1% for the period, while watches and fashion jewelry dropped 5.4%.
By region, 3rd quarter growth slowed down in Japan, which the business credited to a stronger yen. 3rd quarter organic income in the U.S continued to be level year over year, and grew 2% in Europe for the duration.
Despite the decline in the firm’s fashion department, the company kept in mind that it was “extensively stable on an organic basis over the first 9 months of 2024,” and included that the division “showed excellent resilience and acquired market share.”
“In an unpredictable financial and geopolitical atmosphere, the Group continues to be certain and will preserve an approach focused on continuously boosting the desirability of its brand names, making use of the authenticity and quality of its products, excellence in distribution and agile company,” the business stated.
Development slowed across all regions, with the biggest decrease originating from Asia, excluding Japan, which saw a 16% decline in Q3 natural revenue year-over year. In its report, the company connected the lag to “solid growth in spending by Chinese consumers in Europe and Japan.”
1 Louis Vuitton Paris2 Paris Fashion Week
3 Paris Womenswear Spring-Summer
4 Vuitton Paris Womenswear
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