[EARNINGS PREVIEW] LVMH (MC FP) to report after-hours on 12th October 2026; investors remain concerns about subdued demand, particularly in China

OVERVIEW: LVMH (MC FP) is set to report Q3 results after-hours on 12th October 2026. The investor live audio webcast is scheduled for 17:00 BST / 12:00 EDT. Shares have fallen c. 40% YTD, amid concerns about broader luxury dynamics and subdued growth in China. Analysts expect growth to remain subdued in Q3, before picking up in the following quarter, and then accelerating in 2027. Beyond the headline metrics, attention will be on how the group is navigating the China situation, particularly in the context of the recent macroeconomic slowdown. Moreover, the geopolitical situation in the Middle East would have also reduced footfall within the Gulf region. This, no doubt, would reduce local demand, whilst also having a knock-on effect for travellers from Asia into Europe, given the Middle East serves as a key connection point between the two regions. Co. holds the largest weighting in the STOXX 600 Consumer Products sector (20.22%); 1.52% in the Euro Stoxx 50; 6.46% in the CAC 40. Q3 EXPECTATIONS (EUR): Revenue: 18.49bln (prev. 18.28bln Y/Y) Organic Growth: +1.0-1.3% (prev. +1% Y/Y) Core Fashion & Leather Goods Revenue: 8.4bln (prev. 8.5bln Y/Y) FY EXPECTATIONS (EUR): Revenue: 80.47bln (prev. 80.80bln Y/Y) EBITDA: 23.80bln (prev. 21.95bln Y/Y) EBIT: 18.11bln (prev. 17.09bln Y/Y) EPS: 22.2 (prev. 21.85 Y/Y) BANK COMMENTARY: Bank of America: Sees weak demand to weigh on revenue; believes that the results will be a negative catalyst for the luxury sector as a whole. RBC: Sees a rebound in creativity within the Dior unit being offset by weakening economic trends and slowing luxury demand. Bernstein: Sees low Chinese consumer confidence, amidst the latest macro slowdown. Goldman Sachs: Positive on the name and reiterated a Buy rating. Believes that the Leather Goods segment will rebound next year. Consensus: Average PT for LVMH sits at EUR 522/shr (vs current EUR 383/shr). Carries 8 “Strong Buy”, 12 “Buy”, 8 “Hold”, and 1 “Sell”.