LVMH Q2 profit hits $6.5B
LVMH, the world's largest luxury goods company, announced a net profit of $6.5 billion for the second quarter of 2026, despite geopolitical and economic challenges, including the conflict in the Middle East. Additionally, first-half sales declined by 3% to reach €38.6 billion. However, on a currency-adjusted basis, sales increased by 2% in the first half and 3% in the second quarter. The group experienced modest sales growth, with a 6% rise in Asia and 4% in the United States, while sales in Europe remained stable. These results are seen as an indicator of a recovery in the luxury sector following a period of slowdown caused by trade wars and the Chinese market crisis.
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