LVMH Wines and Spirits Sales Beat Forecasts With 1 Percent Growth, Lifting Pernod Ricard and Remy Cointreau Shares

Shares of French spirits companies Pernod Ricard and Remy Cointreau rose on Wednesday after LVMH reported a slight increase in sales for its wines and spirits division in the third quarter of 2025. Pernod Ricard’s stock gained 1.9 percent to 83.68 euros, while Remy Cointreau advanced 4.55 percent to 44.12 euros during trading in Paris. The positive movement followed LVMH’s announcement that its wines and spirits unit posted organic sales growth of 1 percent, reaching 1.33 billion euros for the quarter.

This result exceeded analyst expectations, which had forecast a decline of about 3 percent, according to Citi. LVMH, the world’s largest luxury group, said the division showed modest organic growth despite a drop in sales over the first nine months of the year. The company noted sequential improvement in its Champagne and wine business, as well as strong performance from its Provence rosé wines.

LVMH also commented on trends in the cognac market, stating that demand patterns in 2025 have been similar to those seen in 2024. The company attributed this to ongoing trade tensions affecting key markets such as the United States and China. These challenges have weighed on cognac sales throughout the year.

Earlier in 2025, LVMH’s wines and spirits division had reported declines of 9 percent and 4 percent in the first and second quarters, respectively. While LVMH did not provide detailed figures for internal growth by segment for the third quarter, it reported that Champagne and wine sales rose by 3 percent organically over the first nine months of the year. In contrast, cognac and spirits sales fell by 12 percent over the same period. At the end of the first half of the year, these segments had shown a 2 percent increase for Champagne and wines and a 15 percent drop for cognac and spirits.

The better-than-expected results from LVMH’s wines and spirits division provided a boost to sector peers Pernod Ricard and Remy Cointreau, both of which have faced similar market pressures this year. Investors responded positively to signs that demand may be stabilizing or improving in some categories, particularly Champagne and rosé wines.

The global market for premium wines and spirits has been volatile in recent years due to shifting consumer preferences, economic uncertainty, and international trade disputes. Companies like LVMH, Pernod Ricard, and Remy Cointreau continue to monitor these trends closely as they plan for the remainder of the year.