Birkin bag maker Hermes posts 7% rise in quarterly sales
29/07/2026 07:07
Birkin bag maker Hermes posts 7% rise in quarterly sales By Dominique Patton
PARIS, July 29 (Reuters) - French luxury group Hermes HRMS.PA reported a slight acceleration in growth in the second quarter on Wednesday, driven by a recovery in tourism in Europe and strong demand in the U.S.
Second-quarter sales of products including handbags, silk scarves and perfume rose by 6.7% in currency-adjusted terms to €4.1 billion ($4.67 billion), Hermes said, in line with expectations and compared with 6% growth in the first quarter.
The report came after results from industry peer LVMH disappointed investors looking for signs that the luxury sector is finally turning a corner.
($1 = 0.8773 euros)
(Reporting by Dominique Patton; Editing by Jan Harvey and Louise Heavens)