The world’s leading luxury goods company’s sales fell by 3% on a comparable basis in the first three months of 2025. Its flagship Fashion and Leather Goods division is slowing down, while the United States is marking time…
With a decline in sales of 2% based on published data (+3% on a like-for-like basis) to 20.3 billion euros in the first quarter, LVMH is not starting 2025 with a bang.
And yet, last January, when the results were published, Bernard Arnault confirmed that 2025 had started “rather well” for his group, with double-digit growth since the beginning of the year for several of its companies.
Below expectations
But in the end, sales for the first three months, which decreased to 20.3 billion euros (with a +1% exchange rate effect and zero scope effect), were below the expectations of the CEO of the Number One luxury brand, but also below market expectations. According to a consensus by Visible Alpha cited by Reuters, analysts were indeed counting on a 2% increase in revenue on a like-for-like basis.
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Read also > LVMH signs a declining 2024 financial year
Featured photo: Flagship store Louis Vuitton, Via Montenapoleone, Milan © Louis Vuitton
