
LVMH lit up Paris trading screens yesterday, with shares surging nearly 13%. This was their biggest jump since 2001, following the luxury giant's unexpected return to sales growth.
Third-quarter revenue came in at EUR18.3 billion, up 1% organically, ending two straight quarters of decline. Crucially, sales in Asia (including China) rose 2%, the first uptick this year, while the US posted a 3% gain and Europe slipped 2%.
Every division beat expectations, from fashion and leather goods to a revived wines and spirits arm, buoyed by US Champagne restocking. Beauty retailer Sephora continued to shine.
The rebound rippled across the luxury sector, lifting Kering (+4.8%), Hermes (+7.4%), Richemont (+6.3%), and Moncler (+7.8%), while analysts cheered signs of recovery from the world's most influential fashion house.
Investors had braced for more weakness, so even modest growth felt like a luxury-sector sigh of relief. With improving demand from China, easing tariff fears, and champagne flowing again, Bernard Arnault's empire just gave the market its most stylish comeback in years.