# French luxury group Hermes has reported weaker-than-expected first-quarter sales.

*business · news · 2026-04-15 · PerthNow*

## Key points

- Hermes' first-quarter sales growth missed expectations, rising 5.6% versus a 7.1% consensus.
- Middle East sales dropped 6%, with a sharp 40% decline in Dubai mall sales in March.
- Tourist declines significantly reduced Hermes' airport and European sales, especially from Gulf shoppers.
- Hermes Asia sales rose only 3.5%, with air travel disruption affecting countries like Singapore and Thailand.
- Currency fluctuations caused a 290 million euro revenue loss, making reported sales fall by 1%.

**Companies:** LVMH, Hermes, Kering
**Countries:** France, United Kingdom, Italy, Switzerland, Iran, United States, Singapore, Thailand

[Read the full story on PerthNow](https://www.perthnow.com.au/news/business/hermes-hit-as-war-deters-shoppers-from-dubai-to-paris-c-22146968)

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