The Compounding Tortoise

The Compounding Tortoise

Q1 2025 - Hermès Int'l

A rare miss, driven by weakness in China and aspirational buyers' products

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The Compounding Tortoise
Apr 17, 2025
∙ Paid

Following a rather dismal update from LVMH, all eyes were on Hermès’ Q1 update and early indications on how Q2 has fared so far.

LVMH's Q1 Update Leaves Investors with Many Questions

LVMH's Q1 Update Leaves Investors with Many Questions

The Compounding Tortoise
·
April 16, 2025
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For LVMH, earnings revisions have once again been slashed.

S&P Global Market Intelligence

At the time of writing, Hermès shares are down close to 2.5%. As per usual, its Q1 and Q3 updates are brief (no P&L, no cash flow statement).

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