Louis Vuitton Owner Misses Revenue Views as Middle East War Dims Rebound Hopes — Update

By Andrea Figueras

Louis Vuitton owner LVMH posted weaker-than-expected revenue for the first quarter as the war in the Middle East hit growth and weighed on hopes of a demand rebound for high-end goods.

The French company, which is considered a pacesetter for the industry, said Monday that it made revenue of 19.12 billion euros ($22.42 billion) for the first three months of the year. This was 1% higher in organic terms compared with the same period a year earlier.

The growth rate was the same as the one it posted in the preceding quarter, which comprised the key shopping Christmas period, but revenue was below consensus estimates of 19.49 billion euros, according to Visible Alpha.

The luxury titan, led by billionaire Bernard Arnault, said the geopolitical and economic environment remained disrupted, amplified by the conflict in the Middle East. The war had a negative impact of around 1% on organic growth for the quarter, it said.

The fashion and leather goods business--its main sales and profit driver that houses labels such as Dior and Louis Vuitton--booked revenue of 9.25 billion euros, representing a 2% on-year organic decrease. The result also fell short of analysts' forecasts of 9.46 billion euros.

Over the past few years, luxury brands have been seeing a challenging market environment, including weak demand, trade disputes and a complex geopolitical landscape.

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

April 13, 2026 12:46 ET (16:46 GMT)