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20 Oct

Hermès Sales Jump 24.3% in Q3 on Strength of

Hermès Sales Jump 24.3% in Q3 on Strength of
PARIS — There have been no hurdles for Hermès International because it continued its winning sales streak within the third quarter. Revenues were up 3.1 billion euros, boosted by Asia and the U.S., with currency fluctuations working in its favor. Sales were up 24.3 percent within the third quarter. That handily beat analyst predictions, with a consensus estimate of 15.3 percent growth at constant exchange, and forecast sales within the 2.9 billion euro ballpark. “The strong performance within the third quarter reflects the desirability of our collections all all over the world and the relevance of our values. We move forward with confidence and caution while continuing to bolster our integrated model, rooted in France and committed to job creation,” said chief...
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