-
Hermès recorded solid sales growth in almost all regions, particularly in the US, confirming the resilience of its business model to global challenges.
-
The key leather goods segment was somewhat disappointing, failing to fully meet market expectations, which put pressure on the share price.
-
Hermès recorded solid sales growth in almost all regions, particularly in the US, confirming the resilience of its business model to global challenges.
-
The key leather goods segment was somewhat disappointing, failing to fully meet market expectations, which put pressure on the share price.
Hermès (RMS.FR) has once again proven that it is one of the most resilient luxury brands in terms of demand volatility, successfully attracting affluent customers even in times of macroeconomic uncertainty and geopolitical challenges. In the third quarter, the company recorded solid sales growth in virtually all regions, and its business model based on limited product availability allows Hermès to maintain high demand and margins. Demand was particularly strong in the United States, where concerns about the negative impact of tariffs proved unfounded – American customers continue to spend freely on high-end products, and footfall in boutiques remains high.
Despite the positive growth trajectory, Hermès' report slightly disappointed investors – the key leather goods division, which accounts for the largest share of profits, fell slightly short of market expectations. This put pressure on the share price, although analysts emphasize that the fundamental strength of the brand's business model remains unthreatened. Hermès' strategy of consistent supply management and maintaining a high level of prestige continues to differentiate the company from its less exclusive competitors in the premium segment.
Key reported results for Hermès, along with market consensus:
- Total revenue in Q3 (constant exchange rates) +9.6% y/y, consensus: +9.3%
- Leather goods revenue +13.3%, consensus: +13.8%
- Watch revenue +8.8%, consensus: +2.4%
- Perfume revenue -7.2%, consensus: -9.2%
- Silk and textiles revenue +4.1%, consensus: +3.33%
- Ready-to-wear clothing revenue +6.6%, consensus: +5.33%
- Revenue in France +10.4%, consensus: +8.14%
- Revenue in Europe +10.3%, consensus: +9.73%
- Revenue in Japan +13.8%, consensus: +13.1%
- Revenue in Asia-Pacific +6.2%, consensus: +5.99%
- Revenue in the Americas +14.1%, consensus: +12.5%
- Total revenue: EUR 3.88 billion (+4.8% y/y), consensus: EUR 3.9 billion
The company's shares are down nearly 5% today, falling to the 50-day exponential moving average (blue curve in the chart above). Long-term averages (100- and 200-day EMAs) indicate a continuing downward trend in the stock. Source: xStation
🚀 AMD Confirms AI Thesis with Strong Results and Confident Guidance
📉 SMCI Results Miss Estimates Amid Revenue Deferral
Daily Summary - Global Sell-Off: Stocks and Crypto Down
Arista Networks Q3 Preview — What can we expect?
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
