LVMH ($MC.PA) Q1 2026 Earnings Miss Every Division Declined on a Reported Basis
LVMH reported Q1 2026 revenue of €19.12 billion, missing consensus by €370 million. Every division declined on a reported basis. Fashion & Leather Goods down 9%, Perfumes & Cosmetics down 6%, Selective Retailing down 3%. Middle East demand collapsed 30-70% in March, but strip...