Hermes revenue up by 5% to €4.1B in Q3
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.6 Articles
6 Articles
On Thursday (October 22), Hermès, the maker of Birkin bags, announced its third-quarter revenue, slightly below analysts' expectations, marking the weakest quarterly sales growth since the beginning of the COVID-19 pandemic in early 2020. Sales in the ready-to-wear and accessories division declined for the first time in years, primarily due to weak demand in the Chinese market. Hermès described the current economic environment as "challenging."
Luxury fashion giant Hermès failed to convince investors despite increasing its sales to €4.1 billion in the third quarter. Its shares fell more than 7% on the Paris Stock Exchange, with weakness in Middle Eastern and apparel sales being a notable factor. 🚆
CNN Brasil
Hermès said on Thursday (22) that sales growth lost breath in the third quarter, as hopes for a recovery in demand for luxury items decrease. The French luxury house recorded revenue of 4.1 billion euros in the quarter closed in September, high of 4.3% compared to the same period of a year before, at constant exchange rates. Nokia records high in demand for network infrastructure for AI in the 3rd quarter Barclays' net profit grows 18% and reach…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
