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The storied house of Rue du Faubourg-Saint-Honoré stands alone in resisting the broader downturn currently dogging the luxury sector.
Hermès achieved 17% sales growth in Q1 2026, outpacing broader luxury sector trends.
KEY POINTS
- Americas sales have elevated Hermès to cult status, while Japan saw a 10% increase.
- A €290m unfavorable currency effect caused reported revenue to slip by 1%.
- Hermès' Fashion & Leather Goods sales grew 9%, contrasting with LVMH's critical segment decline.
- Hermès' market cap fell below 40x earnings, returning to pre-pandemic valuation levels.
COMPANIES
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