LVMH to Announce Q3 2025 Revenues After Paris Market Close; Jewelry Margins Under Pressure Amid Record Gold Prices

LVMH Moët Hennessy Louis Vuitton is set to release its third-quarter 2025 revenue after the Paris stock market closes on October 14, with a live audio webcast scheduled at 6:00 p.m. CET. According to the company’s investor relations site, all related materials will be made available just before the presentation.

This update comes at a delicate time for the luxury conglomerate. The spot price of gold reached a historic high of USD 4,078 per ounce on October 13, adding margin pressure to LVMH’s Watches & Jewelry division, which includes Tiffany & Co., Bulgari, Chaumet, and TAG Heuer.

Analysts at HSBC and Visible Alpha forecast that LVMH’s consolidated organic growth for Q3 will remain broadly flat, reflecting softer trends in North America and parts of Asia, offset by resilient demand in Europe and the Middle East. Jewelry margins are expected to narrow due to record input costs and sustained marketing investments.

In the first half of 2025, the Watches & Jewelry segment reported a 1% year-on-year decline in sales (stable on an organic basis), generating approximately €10.6 billion out of LVMH’s €84.7 billion total revenues—roughly 12% of group turnover.

Investors will closely monitor tomorrow’s release to gauge how the group’s key divisions—Fashion & Leather Goods, Selective Retailing, and Watches & Jewelry—are performing under macroeconomic headwinds and luxury’s recent slowdown. The webcast and materials can be accessed via LVMH’s Financial Calendar.