Hermes International SA

RMS: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	LOCK\|rSW	LOCK\|FKH	LOCK\|R^Y^JPb

Hermès Earnings: Tougher for Leather Division to Offset Weakness Elsewhere; Shares Fairly Valued

Jelena Sokolova , Svetlana Menshchikova

Oct 22, 2026

Hermès saw sequential organic sales growth slow down to 4% in the third quarter. The weakness came primarily from Asia, where growth landed flat. Shares declined by around 7% at the market open on Oct. 22, 2026.

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Hermes International SA

Hermès Earnings: Tougher for Leather Division to Offset Weakness Elsewhere; Shares Fairly Valued

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