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via finance.yahoo.comBusiness & Companies

Hermes Q3 sales rise 5.5% on leather goods and Americas strength

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com-- Hermes said on Thursday that its third-quarter revenue was buoyed by demand for its leather goods in the Americas, Europe and Japan, which helped offset weakness in the Middle East, watches and ready-to-wear. Still guessing which stocks will beat the market? Our…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishSolid Q3 growth led by leather goods at a major luxury group matters for the stock and the luxury sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Hermes said third-quarter revenue rose 5.5% to 4.096 billion euros, driven by leather goods demand.
  2. 02Leather goods and saddlery, the largest division, grew 12.4% in the quarter.
  3. 03Sales in the Americas rose 10.7%, while currency swings cut about 310 million euros over the period.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Hermès International S.C.A.RMS.PAStock1,294.00 EUR+1.89%today -4.61%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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