LVMH SE (EPA: MC) reports organic revenue decline in its Wines & Spirits segment in Q3 FY2026 quarterly sales update (July–September 2026, release ca. October 14, 2026, confirmed by LVMH press release or Bloomberg by October 15, 2026)
LVMH's Wines & Spirits segment (Hennessy, Moët & Chandon, Dom Pérignon) posted an organic decline of ~–6% YoY in Q1 2026, driven by persistently weak Chinese cognac demand (EU-China tariff dispute) and normalising post-pandemic US spirits consumption. Structural headwinds persist in Q3 2026: Chinese retaliatory tariffs on cognac remain in force; the US premium spirits market shows only modest growth. Pernod Ricard and Rémy Cointreau show the same sector-wide negative trajectory.
67%