Q1 2025 - Hermès Int'l
A rare miss, driven by weakness in China and aspirational buyers' products
Following a rather dismal update from LVMH, all eyes were on Hermès’ Q1 update and early indications on how Q2 has fared so far.
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).