LVMH Q1 2025: Sales dip 3 percent to €20.311 billion
LVMH has hailed its performance in the first quarter of fiscal 2025 as ‘showing good resilience’. Sales dropped 3 percent to €20.311 billion, with all categories declining in organic terms save Watches & Jewellery, which stayed steady versus the prior year. The post LVMH Q1 2025: Sales dip 3 percent to €20.311 billion appeared first on Global Cosmetics News.
THE WHAT? LVMH has hailed its performance in the first quarter of fiscal 2025 as ‘showing good resilience’. Sales dropped 3 percent to €20.311 billion, with all categories declining in organic terms save Watches & Jewellery, which stayed steady versus the prior year.
THE DETAILS Perfumes & Cosmetics sales dipped 1 percent to €2.178 billion and Selective Retailing also experienced a 1 percent decrease, to €4.189 billion, buoyed by Sephora’s continued growth.
By region, Europe once again achieved growth on a constant consolidation scope and currency basis, the US saw a slight decline, despite a good performance in Fashion & Leather Goods and in Watches & Jewelry. Japan was down with respect to the first quarter of 2024, which had been boosted by strong growth in Chinese consumer spending in the country. The rest of Asia saw trends comparable to 2024.
THE WHY? The luxury goods conglomerate said in a statement, “ LVMH showed good resilience and maintained its powerful innovative momentum despite a disrupted geopolitical and economic environment.”
The post LVMH Q1 2025: Sales dip 3 percent to €20.311 billion appeared first on Global Cosmetics News.
