Login

Hermes third-quarter sales beat expectations thanks to sales of leather goods

Luxury group Hermes’ sales have beaten expectations during the third quarter, despite a slowdown in the rate of growth.

The business was helped by demand for leather goods and ready-to-wear fashion, as comparable sales rose 7.9% during the second quarter, against a 9.7% rise during the second quarter. Analysts were expecting 7% sales growth over the period.

Revenue rose 15.4% to €1.14bn. In Asia, sales grew by 15.1% to reach €526m, while European revenue was up 15.8% to €396m.

The company said the growth in Asia came despite a “context in Hong Kong, Macao and to a lesser extent in continental China”.

STAY UP TO DATE: You want the need-to-know news, right? Our journalists deliver a daily curation of the most important industry happenings. Sound good? Join WGSN.

Know what’s next. Become a WGSN member today to benefit from our daily trend intelligence, retail analytics, consumer insights and bespoke consultancy services.

WGSN Insider Bulletin

Big data meets consumer insights. Experience WGSN.

Related Stories

man bag

Man-bags: A key accessories trend to watch

AI

The future of retail: AI spending is set to boom

chubby hearts

Chubby Hearts: Look up for Anya Hindmarch's love letter to London

Share
Tweet
+1
Share
Pin