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Hermes Q3 Growth Slows as Ready-to-Wear Turns Negative
Leather goods sales rose 10.8% as Hermès topped €4 billion, but weaker demand in China and other categories kept growth below forecasts.
- Hermes reported revenue growth of 4.3% to €4 billion in the third quarter of 2026, falling short of the 5.2% forecast amid stagnation in China and the Middle East.
- The group's performance marks a slowdown from the 9.6% growth recorded last year, as demand across Asia remains subdued while the Americas, Europe, and Japan continue to lead growth.
- Leather goods sales rose 10.8% to €1.91 billion, though ready-to-wear and accessories fell 2% to €1.14 billion, highlighting the divergence between categories.
- Hermes shares fell 8% in early trading on the Paris stock exchange, with Jefferies Analysts warning the results "will likely make for a very painful day today."
- Finance chief Eric Halgouet described the Chinese market as "very difficult" but remains confident in long-term prospects, planning to increase overall production volumes by around 6% in coming years.
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Hermès reported that the growth of its sales lost pace in the third quarter, as hopes for a recovery in demand for luxury items decrease. Exclusive material for subscribers. To have full access, access the link of the material and register.
·Rio de Janeiro, Brazil
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The Hermès title fell by almost 5% on the Stock Exchange on Thursday, October 22, after the publication of quarterly sales below expectations. Despite a difficult Chinese market, the luxury group posted a 5.5% growth in sales.
·Gennevilliers, France
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Hermes Q3 growth slows as ready-to-wear turns negative
Birkin bag maker Hermes has posted slightly weaker third-quarter revenue than analysts expected as sales in its ready-to-wear and accessories division fell for the first time in years due to weak demand in key market China.
·Ireland
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Coverage Details
Total News Sources20
Leaning Left1Leaning Right3Center3Last UpdatedBias Distribution43% Center, 43% Right
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
43% Right
14%
C 43%
R 43%
Factuality
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