Hermes Posts Third-Quarter Miss Despite Lowered Expectations
UBS analysts say Hermes’ results show the company is no longer immune to a difficult sector environment, citing disappointing performance across most divisions.
Hermes's results show that the company is no longer immune to the broader difficult sector context, UBS analysts write in a note to clients. The maker of the Birkin bag reported a third-quarter miss despite lowered expectations, with a disappointing performance of most of its divisions, they say. H…