Hermès International stock balances U.S. growth with China risks

Published on 10/29/2026 at 17:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hermès International stock is monitored as the luxury group opens its Manhasset store amid mixed regional demand. October trends were unchanged, including in China.

Growth Holds, But Mix Remains Uneven

Hermès reported third-quarter sales growth of 4.3% at constant exchange rates.
Leather goods remained the strongest business, while watches and accessories weakened.
Management reaffirmed its medium-term ambition for revenue growth at constant exchange rates.

Hermès International, FR0000052292, Illustration mit AI erstellt.

Hermès International reported third-quarter sales growth of 4.3% at constant exchange rates on October 22, while management has now reached the October 29 opening date for its new Manhasset, New York, store. At Lang & Schwarz, the stock stood at EUR 1,268.25 on October 29, 2026, at 16:39 Berlin time.

The Manhasset opening is the latest operating milestone for the Americas, one of the group's strongest regions. Hermès said the U.S. business had returned to its earlier-year trend after a temporary slowdown in August and early September. The company also has a Craft in Time event planned in Miami and a fine-jewelry presentation in New York in November, according to the Q3 earnings-call discussion.

Leather Goods Lead a Divergent Mix

Hermès' third-quarter revenue reached EUR 4.096 billion, according to the company's third-quarter revenue release published by Nasdaq. Sales for the first nine months totaled EUR 12.260 billion, up 5.5% at constant exchange rates and 2.9% at current exchange rates.

The business mix remains uneven. Leather Goods and Saddlery grew 10.8% in the quarter at constant exchange rates to EUR 1.912 billion. Ready-to-wear and Accessories declined 2.0%, while Watches fell 6.0%. Perfume and Beauty increased 7.5% in the quarter.

China Remains a Key Watchpoint

Management said October trends had not changed from late in the third quarter, including in China. The slowdown seen in August and September continued without a further deterioration, although Hermès said it was too early to assess the full fourth-quarter impact. WWD reported that weaker Chinese demand was concentrated in higher-volume categories such as accessories, footwear and watches, while leather goods remained more resilient.

For investors, the update leaves Hermès with a strong core category and a supportive Americas expansion plan, but also with exposure to normalization in luxury demand. The company maintained its medium-term ambition for revenue growth at constant exchange rates without providing a specific full-year target.

Hermès International at a glance