Hermes Q3 Results Offer Limited Reassurance on Sales Momentum
AlphaValue analyst Jie Zhang says Hermes showed no clear recovery in China and that a slowdown in the Americas warrants attention ahead of the fourth quarter.
Hermes's results for the third quarter offer limited reassurance on sales momentum across major markets, AlphaValue's Jie Zhang says. The Birkin bag maker showed no clear recovery in China, while the slowdown in the Americas warrants attention ahead of 4Q, the analyst says in a note. The performanc…