LVMH Shares Jump 13% After Growth Returns

LVMH shares rose by 13% on Wednesday after the company reported growth for the first time this year. The French luxury group also said it plans to strengthen its position as a global leader in the luxury market.

On Tuesday, after European markets closed, LVMH said its sales grew by 1% in the third quarter compared to the same time last year. This is a positive sign after two quarters of falling sales.

The company made €18.3 billion ($21.3 billion) in revenue from July to September. While this was lower than the €19.1 billion made in the same period last year, it was still better than what analysts had expected.

LVMH shares were up 12.8% at last check. The company, which owns brands like Louis Vuitton, Dior, Tiffany & Co., and Moët & Chandon, is often seen as a key indicator for the global luxury market.

The strong results also lifted the wider European luxury sector. The Stoxx Europe Luxury 10 index rose 3.5% on Wednesday morning. Shares of Christian Dior rose by 13%, Burberry gained 7%, and Kering, the owner of Gucci, went up by 6%.

LVMH said challenges like currency changes, trade issues, and global economic uncertainty hurt its results earlier in the year. But in the third quarter, the company showed strength and innovation.

Its wine and spirits business improved after facing problems due to China’s new taxes on EU cognac and new U.S. import tariffs.

In terms of regions, LVMH said the U.S. and Europe had strong local demand, while most of Asia (except Japan) showed clear signs of recovery.

The best performance came from LVMH’s selective retailing division. It grew by 7% compared to last year. Sephora, the beauty chain, did especially well. The company also said Rhode, the beauty brand created by model Hailey Bieber, had a record-breaking launch.

Looking ahead, LVMH said it is confident, despite economic and political uncertainties. The group plans to focus on making its brands even more attractive by offering high-quality products, great retail experiences, and staying flexible.

LVMH added that in 2025, it will continue using its strong brands and talented employees to grow its global leadership in luxury goods.