Hermes International SA
RMS: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Zr! | LOCK|cq | LOCK|sq^rV>! |
Hermes Earnings: Predictably Solid Performance With Slightly Better Margin; Shares Expensive
Hermes reported predictably solid fourth-quarter and full-year revenue, with unchanged trends in the second half. Operating margin for the year was up 50 basis points despite currency pressures.
