Often a bellwether of the luxury goods industry, Louis Vuitton Moet Hennessy (LVMH) reported its revenue results for 2024 Q3 and the first nine months – with its premier Fashion & Leather Goods group revenues down 5% in Q3 of this year over 2023 (on an organic basis), at €9,151 million compared to €9750 in Q3 of 2023. This group is responsible for nearly half of LVMH revenues from fashion brands like Louis Vuitton, Dior, Celine, Loewe, and Loro Piana.
On a consolidated basis, LVMH revenues were down 3% for Q3 and flat for the first nine months of 2024 in a year-over-year comparison. As point of reference, 2023 Q1 and Q2 were particularly strong, with 18% and 21% revenue growth, respectively, declining to 9% for the rest of the year.
