中国消费疲软 LVMH精品业务营收同比下降5%

法国精品集团LVMH近日发布第三季度财报，其核心业务时装与皮件部门表现欠佳1。该部门第三季度收入达82.45亿欧元，在剔除汇率波动和并购因素后，营收同比下降5%1，跌幅超出分析师预期。整个第三季度，LVMH实现总营收185.04亿欧元，较上年同期仅微幅增长1%1。

中国消费市场需求放缓是导致业绩下滑的主要原因1。由于中国消费者信心缺乏明确的复苏时间表1，集团对精品业务的前景调整预期。LVMH预计，其精品业务高速成长阶段将暂告一段落，未来转向由珠宝、美妆等多元化产品支撑的低速稳健发展模式1。前三个季度合计，LVMH实现营收571.48亿欧元，较去年同期下降2%1。

French luxury conglomerate LVMH reported a contraction in its core fashion and leather goods business, posting revenue of €8.245 billion in the third quarter, representing a 5% year-over-year decline when excluding currency fluctuations and acquisition effects 1. The steeper-than-expected downturn reflects a broader slowdown in consumer demand across China, where confidence levels lack a clear timeline for recovery 1.

Overall third-quarter revenue reached €18.504 billion, marking a modest 1% annual increase 1. For the first nine months of the year, LVMH generated €57.148 billion in total revenue, down 2% from the prior-year period 1. The luxury group anticipates that the rapid growth phase of its fashion and leather goods division will come to an end, transitioning toward a slower and more stable trajectory supported by diversification into jewelry, cosmetics, and other product categories 1.