DMT Beauty Transformation: Hermès 2Q Sales Rise 13% on Continued Appetite for High-End Luxury
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Hermès 2Q Sales Rise 13% on Continued Appetite for High-End Luxury

July 25, 2024BruceDayne

Birkin-bag maker Hermès reported a 13 percent rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags, even as less affluent consumers pull back.

Sales at the French luxury group grew to €3.7 billion ($4.02 billion), a 13 percent organic sales rise that strips out currency fluctuations. The figure was in line with analyst expectations, according to a Visible Alpha consensus.

Operating profit for the first half was €3.1 billion, compared to a forecast from consensus provider Visible Alpha for €3.2 billion.

By Mimosa Spencer; Editor: Alexandra Hudson

Learn more:

Case Study | Inside Hermès’ Best-in-Class Leather Goods Strategy

How a unique approach to supply chain, design, communications and retail has powered blockbuster demand for iconic bags like the Birkin and Kelly, enabling the French leather goods house to face down rivals and become a global megabrand with a market capitalisation greater than Nike’s.



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Reuters, DMT.NEWS, DMT BeautySpot,

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