The fashion and leather goods segment, LVMH’s biggest, saw sales slide 9% in the first quarter of 2026 compared with the same period last year.
The company registered €19.1 billion in sales between January and March 2026. On an organic basis, excluding exchange rate fluctuations and changes in the business, sales rose by one percent over the quarter.
The company said the war launched by the United States and Israel on Iran had a negative impact of around 1% on organic growth for the quarter, but expressed hope that it would make up for lost sales once consumers return to shops. The Middle East region accounts for around 6% of LVMH Group sales.
LVMH saw net profits fall 13% in 2025 to €10.9 billion, mostly due to an exceptional tax on large French companies.
