LVMH reports USD 23B revenue in Q1 FY25 earnings despite market challenges
Despite the results, the company continues to demonstrate resilience, strengthened by European growth and ongoing brand innovation.
FRANCE – Louis Vuitton’s parent company, LVMH, reported €20.3 billion (USD 23.03 billion) in revenue for the first quarter of FY25, reflecting a 3% organic decline compared to the same period in 2024.
The Perfumes & Cosmetics business group remained stable at €2.18 billion(USD $2.48 billion), fueled by strong demand for Christian Dior fragrances and makeup innovations and solid performances by Guerlain, Parfums Givenchy, and Maison Francis Kurkdjian.
The Wines & Spirits division saw a 9% drop to €1.31 billion(USD 1.49 billion), impacted by softer demand in China and the U.S.
Watches & Jewellery held steady with €2.48 billion(USD 2.82 billion) in revenue, while Selective Retailing, including Sephora, recorded €4.19 billion(USD 4.76 billion), a modest 1% decline.
Geographically, Europe continued to register growth on a like-for-like basis, taking into account consistent consolidation scope and currency impacts.
In contrast, the United States experienced a slight dip overall, although categories such as Fashion and leather Goods and Watches and jewellery performed well.
Japan reported a decline compared to the first quarter of 2024, a period previously buoyed by a surge in spending from Chinese tourists.
Elsewhere in Asia, market dynamics remained broadly in line with those observed in 2024.
Recently, Louis Vuitton launched its first makeup line, La Beauté Louis Vuitton.
The new makeup line will feature 55 lipsticks, 10 tinted lip balms, and eight eyeshadow quads.
Pat McGrath, a renowned makeup artist, has been appointed as its Creative Director.
This new venture follows the success of Louis Vuitton’s fragrances and its long history of creating luxury travel accessories, including handbags, small leather goods, shoes, ready-to-wear clothing, accessories, travel items, fragrances, watches, and home decor.
Meanwhile, Sephora, a beauty retailer owned by LVMH, recently expanded its UK presence by opening its first store in Yorkshire, Meadowhall, Sheffield, in the summer of 2025.
This marks Sephora’s first store in Yorkshire and its ninth UK store.
The new store will include Sephora’s Beauty Hub, offering bookable professional beauty services such as makeup, skincare treatments, hair styling, and brow services.
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