Hermes Q3 Sales Rise 4.3% to €4.1 Billion, Below Expectations
Sales grew 4.3% on a constant-currency basis in the three months to September end, below expectations for growth closer to 5.2%. It was Hermes’ weakest quarterly sales growth since the start of the pandemic.
The French luxury group said sales in the three months to September end rose 4.3% on a constant currency basis to €4.1bn. However, that was below expectations, for third-quarter growth closer to 5.2%, and was Hermes’ weakest quarterly sales growth rate since the start of the pandemic, when it was f…