Birkin bag maker Hermes posts better-than-expected jump in fourth-quarter sales
Publishing timestamp: 2025-02-14 07:12:41
Summary
Hermes reported better-than-expected jump in fourth quarter sales, with revenues rising 17.6% at constant exchange rates. The company's strong demand for exclusive products has helped it outperform in the turbulent luxury market. Shares were up 4% during the day before closing 0.8% higher. Sales growth was broad-based across all regions, with Asia-Pacific excluding Japan recording a 9% increase in the fourth quarter.
Sentiment: POSITIVE
Tickers: RMS-FR,
Keywords: hermes international sca, lvmh moet hennessy louis vuitton se, business, retail industry, business news, luxury, breaking news: business,
Source: https://www.cnbc.com/2025/02/14/hermes-rms-fr-earnings-q4-2024.html