The French multinational luxury goods conglomerate posted organic revenue growth of 7% for Q3 of 2015, against forecasts of about 5.5%.
Organic revenue growth strips out the effects of currency movements.
A weaker euro as well as strong wine and spirits sales boosted Q3 revenue.
LVMH noted overall growth in Europe and the US as well as an “acceleration” in Japan.
Overall revenue for Q3 of 2015 rose 16% to $9.76 billion.
LVMH is the world’s biggest luxury group.
It sells the likes of Louis Vuitton handbags, several Champagne brands, Hennessy cognac and fashion labels Fendi and Marc Jacobs. It also sells perfumes, cosmetics, watches and jewellery.
Wine and spirit sales in China, which had been hurt by the country’s anti-corruption drive, saw a “notable acceleration in the third quarter”, the firm said.
“Hennessy cognac …benefited in the third quarter from a strong rebound in shipments to China and continued excellent momentum in the United States,” it stated.
Sales in LVMH’s fashion and leather business were slower than expected.
LVMH does not publish quarterly profit figures.
President Joe Biden has urged pro-Palestinian protesters on university campuses to uphold the rule of…
Blue Ivy Carter has joined the voice cast of The Lion King prequel Mufasa: The…
At least five people, including a four-month-old baby, have been killed after dozens of tornadoes…
Harvey Weinstein has been hospitalized just days after his 2020 rape conviction in New York…
Hamas has published a video showing the first proof of life of US and Israeli…
Prosecutors and Donald Trump’s attorneys delivered opening statements and the first witness was called on…