LVMH Moet Hennessy (OTC: LVMUY) (OTC: LVMHF), the world's largest luxury goods maker, just announced solid third-quarter results. For the period ended Sept. 30, revenue rose 27% year over year to 19.76 billion euros ($19.21 billion). And for the first nine months, revenue was up 28% to 56.49 billion euros ($54.93 billion).

Those robust growth rates indicate that LVMH, which owns 75 major brands across five major categories -- wines and spirits, fashion and leather, perfumes and cosmetics, watches and jewelry, and selective retailing -- remains resistant to inflation and other macroeconomic headwinds.

That isn't surprising since economic downturns generally don't affect LVMH's affluent customers as much as middle-class shoppers. It had also previously bounced back quickly from the pandemic, which throttled its sales throughout 2020 as it temporarily closed down many of its brick-and-mortar stores.

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Source Fool.com