LVMH Q3 Sales Miss on China Slowdown, Organic Growth +1%

LVMH reported Q3 revenue of €18.5B, up 1.2% YoY but down 6.4% QoQ, with organic growth of 1% missing expectations. The fashion and leather goods division, including Louis Vuitton and Dior, was hit hardest by weakening Chinese demand, while the US, Europe, and Japan showed strength. This signals continued softness in Chinese luxury consumption, a key driver for global luxury stocks.