Inside Finance | Feb 2026
Top-line growth is forecast to slow due to fragile demand,
Earnings
LVMH (France) reported Q4 revenue rose 1% to €23.9 billion. Full revenue fell 2% to €84.7 billion ($88 billion), with net profit down 17% to €15.2 billion. Revenue for the fashion and leather goods group was down 3%, with profits falling 10%.
Levi’s (USA) reported Q4 net revenue rose 12% to $1.8 billion. Revenue increased in all markets with the Americas +12%, Europe +15% and Asia +9. Revenue for other brands grew 10%. Net income rose 44% to $183 million.
VF Corp (USA) reported Q3 2025 revenue grew 2% to $2.8 billion. Revenue in the Americas and Europe rose 1%, while APAC was up 5%. Operating income was $225.8 million compared with a loss of $91.4 million a year ago.
H&M (Sweden) reported Q4 revenue rose 3% to $5.5 billion (SEK 62,193 million), with operating profit up 7%. Full year sales rose 1%, with operating profit up 19%. In both Q4 and the full year, sales saw low single-digit growth in Europe, while inching down in the Americas (-7%), APAC, Oceania and Africa (-5%).
Markets
Top-line growth is forecast to slow due to fragile demand,
Disciplined product curation, premium stores, and accessible pricing are driving
Mid tier brands are outperforming both luxury and most fashion
Brands face pressure to shore up profits and rethink strategies
Apparel is having a better‑than‑feared holiday. Now retailers fear potential
Optimism for Holiday 2025 is growing as recent Q3 earnings