LVMH Stock Surges on China-Driven Q3 Sales Recovery
LVMH Moët Hennessy Louis Vuitton shares rallied 14% after posting unexpected Q3 revenue growth, fueled by a resurgence in Chinese luxury demand. Organic sales reached €18.28 billion, halting two consecutive quarters of decline.
Asia-Pacific sales ROSE 2%—a notable reversal from H1's 9% drop—with CFO Cecile Cabanis citing sustained Chinese appetite despite macroeconomic headwinds. Morningstar analysts highlight pent-up consumer savings as latent growth fuel.
The fashion and leather goods division outperformed expectations with only a 2% contraction, signaling broader sector resilience. As luxury's bellwether, LVMH's rebound may foreshadow renewed bullishness for discretionary spending proxies like metaverse and NFT-linked crypto assets.