Return to Growth
The group, which oversees brands such as Louis Vuitton, Dior, Tiffany & Co., and Moët & Chandon, recorded a year-on-year organic growth of 1 percent. While this might seem like a modest performance at first glance, it is important to see the situation in a broader context. The first half of the year was marked by decline, so this figure represents a symbolic return to positive numbers. Total revenue reached 18.3 billion EUR, which, although a slight decrease compared to last year, once again clearly exceeded prior expectations in a positive way.
Where Did the Company Perform Best?
The strongest growth driver was the Sephora division, which recorded an organic sales growth of as much as 7 percent. The chain of perfumeries benefited not only from expansion into new regions but also from the success of the Rhode brand, founded by Hailey Bieber. In addition, the wine and spirits segment also performed well, showing stabilization after tensions surrounding Chinese and U.S. tariffs. Geographically, growth continued across the United States and Europe, with a key recovery in the Asian market — with the exception of Japan.
Analyst Reactions and Outlook
LVMH also received positive evaluations from analysts at leading investment banks. Citi called the results a “ray of hope” for the entire luxury sector, while Bernstein even raised its target price for the stock to 700 EUR. [1]
Bernard Arnault’s Strategy
LVMH’s CEO, Bernard Arnault, who is today not only the face of the company but also a symbol of French entrepreneurial spirit, emphasizes that LVMH’s strategy stands on three main pillars — authenticity, quality, and excellence. Furthermore, in its outlook for the upcoming period — the remainder of 2025 and into 2026 — the company stated that it will focus even more on maintaining its global leadership position, not only by expanding its portfolio but also by deepening relationships with customers who seek not only products in luxury, but emotions and values.
For Investors
The movement of LVMH’s stock price since 2024 can mostly be described as a bearish trend, but the current third-quarter results suggest that a fundamental change may be underway. The company’s fundamentals, which largely determine the final stock price, show organic growth — representing an opportunity to buy shares of a company currently trading below its all-time high. A potential rise back to that record level would represent a gain of more than 50 percent. [2]
LVMH Stock Price Performance Over the Past Five Years
*Past performance is not a guarantee of future results.
[1,2] Forward-looking statements are based on assumptions and current expectations, which may be inaccurate, or on the current economic environment, which may change. Such statements are not guarantees of future performance. They include risks and other uncertainties that are difficult to predict. Actual results may differ significantly from those expressed or implied in any forward-looking statements.
