Hermes Posts Sales Increase With Growth Across All Markets
By Andrea Figueras
Birkin bag maker Hermes posted an increase in sales for the first three months of the year, boosted by growth in all geographical areas.
The French luxury-handbag maker said Thursday that sales for the first quarter jumped to 3.805 billion euros ($4.07 billion), up 17% at constant currency compared with the prior-year period. The result came ahead of analysts' forecasts of EUR3.68 billion, according to a poll of estimates compiled by Visible Alpha.
In the medium term, the company said it continues to expect revenue growth at constant exchange rates, despite the economic, geopolitical and monetary uncertainties around the world.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
April 25, 2024 02:28 ET (06:28 GMT)
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