Hermès grows quarterly sales as leather goods offset softer fashion demand
Hermès ($RMS) reported third-quarter 2026 revenue of €4.10 billion, up 5.5% as reported and 4.3% at constant exchange rates. Leather Goods and Saddlery sales increased 10.8% at constant currencies, while Ready-to-Wear and Accessories declined 2.0% and Watches fell 6.0%. The differing performances show how strongly the group’s quarterly growth depended on its core leather-goods business. Asia-Pacific excluding Japan was broadly flat at constant currencies, compared with growth of 8.8% in the Amer
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