Overview
- Hermès reported third‑quarter sales of €3.88 billion, up 9.6% at constant exchange rates, with a slight beat versus expectations.
- Growth was led by the Americas (+14.1%), Japan (+13.8%) and Europe (+10.3%), while Asia outside Japan was softer and Greater China showed only a very slight improvement.
- Leather goods rose 13.3% as the main driver, watches gained 8.8% and ready‑to‑wear and accessories advanced 6.6%, while perfume and beauty declined 7.2%.
- Currency movements reduced reported revenue by €254 million; Hermès kept U.S. prices steady following the EU–US tariff deal and opened a store in Nashville.
- Hermès named Grace Wales Bonner as menswear creative director with a phased handover, as rival Kering posted Q3 revenue of €3.42 billion (down 5% comparable), Gucci sales fell 14% organically and Kering agreed to sell its beauty division to L’Oréal for €4 billion in cash.