LVMH, the Paris-based luxury giant, reported €20.3 billion ($23 billion) in revenue in Q1 2025, down 3% year over year. The figures slipped short of the 2% growth forecasted by Visible Alpha consensus estimates.
As in past quarters, the wine and spirits division with Moët & Chandon and Veuve Clicquot brands led the decline by 9% year over year. Meanwhile, watches and jewelry, which includes TAG Heuer and Bulgari, was the only segment not to decline in organic terms, remaining flat for the first quarter.
