Hermes International SA

RMS: XPAR (FRA)
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Hermès Earnings: Growth Slows; Shares Look Fairly Valued

Hermès reported its first-quarter sales update for fiscal 2026 with constant-currency sales up 6%. While its sales were stronger than those of peers Kering and LVMH, there was a sequential slowdown from high-single-digit growth seen in the prior year. Shares were down over 8%.

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