Tag: $Hermes

Shares in French luxury group Hermès International fell over 10% on Wednesday after the company reported first-half diluted earnings per share below analyst expectations, overshadowing a beat in recurring operating income as foreign exchange headwinds weighed on results despite a stronger gross margin.

Hermes, whose handbags sell for $10,000 and more, on Thursday reported stronger than expected fourth-quarter revenue growth, lifted by strong sales in the United States and Japan.

French luxury group Hermès will raise its U.S. prices from the start of May in order to offset the impact of President Donald Trump’s tariffs, the company’s finance chief said Thursday.

Birkin bag maker Hermes reported higher sales for the final quarter of 2024 boosted by a strong performance in the Americas, adding to signs of a rebound in demand for luxury goods.

 Hermes said it will further raise prices as its sales outpaced luxury competitors at the end of 2023, helping to lift shares in the Birkin bag maker to a record high.