LVMH’s wine-and-spirits sales rebound in first quarter

LVMH's wine-and-spirits part saw its income bounce backmost successful the archetypal 4th aft sliding backmost successful the last 3 months of 2025.

The group's Moët Hennessy portion saw its integrated gross turn 5% successful the archetypal 3 months of 2026 to €1.27bn ($1.49bn). Sales declined 2% connected a reported basis.

In the 3rd 4th of 2025, the division’s sales roseate 1% connected an integrated ground but, successful the past 3 months of the year, they fell 9% organically, which contributed to an yearly diminution of 5%.

In the opening 3 months of this year, gross from Champagne and wines roseate 5% connected an integrated ground to €663m.

LVMH said Champagne had seen "a bully commencement to the year," peculiarly successful Europe, portion Provence rosé besides "maintained their affirmative momentum".

Revenues from Cognac roseate 5% connected an integrated ground to €610m. It benefitted from "a favourable calendar effect for Chinese New Year with respect to 2025", the radical said successful its statement.

Speaking to analysts yesterday (13 April), CFO Cécile Cabanis said LVMH had seen "solid growth" successful wine-and-spirits, with "good stabilisation" successful Champagne and a "good show of wine".

Reflecting connected Cognac, Cabanis said the radical had seen "a bully Chinese New Year" successful the 4th but warned analysts that the affirmative show for Cognac was not expected to continue.

She said: "The shipment enabled to number the maturation for the commencement of the year. This helped to mitigate a request successful the US that is inactive brushed and that we don't spot moving a lot.

"Q2 volition not beryllium repeating Q1, overall, fixed this interaction but we are already rather pleased that Champagne has stabilised and that wine[s] are doing great."

LVMH's radical income grew 1% organically and declined 6% connected a reported ground to €19bn successful the archetypal 3 months of 2026.

The institution said the ongoing warfare successful the Middle East had a antagonistic effect of 1% connected integrated maturation successful the quarter, with the portion being "strongly affected" by the conflict.

"LVMH’s wine-and-spirits income rebound successful archetypal quarter" was primitively created and published by Just Drinks, a GlobalData owned brand.

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