If Hermès is any indication, then perhaps it’s not all doom and gloom for the luxury goods sector. Calling its performance “solid,” Hermès reported revenues up 17% at current exchange rates for the first nine months of 2023 (22% at constant rates). Sales rose 20% or more in all geographic areas. These results beat stock analysts’ recent expectations of 13% growth.
On the other hand, the Birkin and Kelly purveyor could be the exception. This month’s LVMH financials sent the luxury sector stocks down. Not that LVMH showed negative growth; rather it reported slower growth, particularly in China and the United States.
Read: LVMH Revenues Grow But More Slowly Based on 2023 Q3 Results
Image courtesy @hermes
As compared to its Q2 numbers, which showed accelerating revenue growth, Hermès’ Q3 results are, however, slightly moderated. In Q3 sales were up about 16% at constant exchange rates, with Hermès noting that the comparison basis for this time period included a very strong 2022 China result (more on this later).
For point of reference, looking back slightly, in Q2 sales rose 22% at current exchange rates (28% at constant rates). First half year revenue results were up 22% at current rate (25% at constant rates).
Read: Hermès Revenues Rise 22% in First Half of 2023 With No Decline in United States
Image courtesy @hermes
Hermès Executive Chairman Axel Dumas said:
“The solid performance in the third quarter reflects the desirability of our collections all over the world, with still a sustained momentum in Asia and in the Americas. More than ever, in an uncertain global environment, we are reinforcing our investments and our teams to support growth.”
So, with these results, you’re probably wondering what is selling. After all, it doesn’t seem to be getting any easier to purchase a Birkin or Kelly, or any other handbag. And yet, sales in the Leather Goods and Saddlery business line – its largest division – were up 19%. Hermès pointed to its ever-increasing production capabilities as well as new bags like the Kelly Messenger, Maxi Kelly, and Hermès Geta.
The Ready-to-Wear line saw sales improve 29% over the same time period in 2022. Given the increasing popularity of Hermès clothing and shoes, that’s probably no surprise. Anyone trying to purchase a pair of fuzzy Chypres sandals or a belt knows the difficulty of securing these items. The demand is there; supply is not.
Most of the other smaller business lines also saw success, with the exception being Perfume and Beauty. It’s sales for the first nine months of 2023 as compared to 2022 were up 8%. Silk and Textiles rose 17% and Watches 24%. The Other Hermès business lines which include Homeware and Jewellery spiked 26%. Customers continue to decorate à la Chez Hermès.
Looking at the results geographically for the nine month period ending September 30, 2023, sales in all regions were up 20% or more. Asia excluding Japan – which includes China, Singapore, Australia, Korea, and Thailand – rose 21%. Moreover, Hermès highlights that in 2022 Q3 was particularly strong as health measures were lifted in China. In other words, improving on the high numbers of 2022 is more difficult.
That is evident when you look at the Hermès Q3 results in Asia excluding Japan. The growth in revenue at constant exchange rates is just over 10% (-0.1% at published rate) when compared to the same time period in 2022.
Going back to the nine month period, as compared to the same in 2022, sales rose in Japan 25%, America by 20%, Europe (excluding France) by 20%, and France by 22%. Again, the Q3 results are lower but not hugely so. France, for example, saw a +21.6% change for the first nine months over 2022, and 18.3% for Q3 alone. Results were similar for Europe and Japan.
U.S. numbers (at constant exchange rates) suggest there has not been a slowdown in Q3 American sales. In Q3, sales grew 20.4% over Q3 2022, essentially the same as for the first nine months. Interestingly, in Q2 Hermès also reported 20% sales growth over Q2 2022.
The bottom line seems to be that, for most products, if Hermès makes it, we will buy it. At least for now.
Tell us, has your demand and desire for Hermès products changed? If so, how?
Love PurseBop
XO
Read related articles:
US Hermès Price Increase 2023 – Here are the New Prices
The Hottest Hermès “Bag” You Can’t Get
Hermès Introduces 10 New Handbags for Spring Summer 2024
What They Wore to the Hermès Spring/Summer 2024 Show
Hermès Reveal: I Finally Got My Own Set of Wheels
5 Hermès Bags We Wish They Would Bring Back
Hermès Revenues Rise 22% in First Half of 2023 With No Decline in United States
Updated: October 24th, 2023
Comments
28 Responses to “Hermès Continues its Upward Trend Despite Broader Luxury Pullback”
Indeed spells work. I wanna express myself on how this psychic priest Ray saved my marriage from divorce. Myself and my husband were having some misunderstanding and it was tearing our marriage apart to the extent my husband was seeking for a divorce and during that time he left home and I was really devastated I cried day and night I was searching about love quotes online I saw people talking about him and his great work whose case was similar to mine they left his contact info I contacted him told him about my problems he told me that my husband will return back to me within 24hrs i did everything he asked me to do the next day to my greatest surprise my husband came back home and was begging for me to forgive and accept him back he can also help you if you have same marriage issues contact
[email protected]
WhatsApp: +12133525735
Website: https://psychicspellshrine.wixsite.com/my-site
URGENT EFFECTIVE LOVE SPELL DR. TEBE TO GET YOUR EX BACK FAST TO SAVE AND RESTORE YOUR MARRIAGE! +1(661)525 4146
HELLO, I’ve been searching for help on how to get my ex-lover back who broke up with me 9 months ago… I was traumatized by the breakup and nearly wanted to commit suicide but I thank God that I got the contact with Dr Tebe the spiritual father who helped me to get back my ex-lover after much searching for help from different places. When I got in touch with Dr Tebe, I explained everything to him so he gave me his words of encouragement and told me that he was going to prepare a spell for me that would help me get back my ex-lover within 12hours and I believed in his words for I was referred to him by a friend who he helped and right now, my ex-lover is back and we are living happily together to get married next month. If you need any assistance whatsoever like getting a lover back, lottery winning spell, black magic spell E.T.C. Then, I suggest that you get in touch with Dr Tebe now through his http://drtebespelltemplee.website2.me/ his contact (+1 661 525 4146) or Email: [email protected].
2024 I URGENTLY NEED A POWERFUL LOVE SPELL CASTER TO HELP ME BRING BACK MY EX LOVER
HOW I GOT MY HUSBAND BACK! I RECOMMEND DR BOB TO ANYONE FACING DIFFICULTY IN MARRIAGE OR RELATIONSHIP:
I never knew that I would ever see my lost love untill I came in conta ct with DR BOB who made my dream come true by bringing my lost love back when i taught all hope was lost after trying all my best but all to no avail I just want to say thank you DR BOB for bringing my ex back to me !!! I highly recommend him to anyone who needs help.
Email: foreverspellcast49@gmail. com
This is a very happy day of my life with the help PRIEST WISDOM has rendered to me by helping me to get my divorce husband back with his magic power and love spell. I was married for 8 years and it was so terrible because my husband was really cheating on me, and was seeking a divorce but when I came across the PRIEST WISDOM page https://supernaturalspell21.blogspot.com/ on the internet on how he helps so many people to get their ex back and help fixing relationships and make people happy in their relationships. i explained my situation to him and then seek his help but to my greatest surprise he told me that he will help me with my case and here i am now celebrating because my Husband has change totally for good he started begging me to forgive him that he is very sorry for everything, i was really surprised and was also happy, so that was how i forgive him and now we are living together happily than ever before and He always want to be by me and can not do anything without my present. I am really happy with my marriage, what a great celebration. Thank you to PRIEST WISDOM who helped me a lot, if you need his help you can contact him through email [email protected] Website https://web.facebook.com/PRIESTWISDOM11 WhatsApp/Telegram. +2348124644470 …
I want to testify to what Dr Ughulu did for me. I did everything I could do to bring my partner back but he didn’t come back he was with someone else luckily I saw a comment which directed me to a very good powerful and kind man called Dr Ughulu that helped me bring my partner back and now he loves me so much more than ever i am so happy with life now thank you so much Dr Ughulu, I’m really appreciate you for bringing back my partner to me in my life, all these years has been very sad for me now I have been the most happiest woman in this world all because of Dr Ughulu he has done a lot for me. You can contact through his email: [email protected] or message him on Call/Text number: +1(252) 409-1841 or his website: https://drughulupowerfulsp.wixsite.com/my-site-ughulu
My testimony on how I became an illuminati member. My name is Kane and am 39 years old,am from Austria I want to notify the people who want to join the great illuminati,on how I was helped by the Great Illuminate World secret society in regaining back my business position after been sacked for about 5years and six months. I have been in pains and troubles ever since I ,was sacked from the company where I work, called ‘ESA Deposit Insurance corporation’ as an agency executive. I have been hopeless, financially down through out those years. But one day, as I was browsing through the Internet, I came across the post of the Great Illuminate world society saying you can be famous, rich and successful in life by been a member of the great Illuminati member, immediately I contacted and I explained everything to them and they recommended me and helped and I pay for the Initiation Fee which will be used to initiate me, and I was initiated to the great illuminati world secret society after and also they gave me all the guidelines and told me their place worship. With the help of the Great illuminati world society I was able to go to temple and there I was initiated fully as a complete Illuminati member. Surprisingly 48 hours after i was initiated, I receive a call from the company that I have been accepted back again as the agency executive of the company at first I was shocked and surprised when the brotherhood offered me 500,000.00 Euro a car and house with other things that has changed my life for good regain myself, whatsapp Mr berry castle on +1 (779) 324-0633 or email [email protected]
I couldn’t never thought I was going to get my EX lover back but the moment I contacted Dr Ughulu I got her back within 24 hours. I saw Dr ughulu on a group of United states so i visited his page and I saw he is spell caster so i decided to send him a message for him to help me bring back my wife so I texted him and i give him the reason why i text him and he said it shouldn’t bother me i am getting her back immediately i was so very happy Dr ughulu arrange everything to cast a love spell on her that brought back my wife within 24 hours. She’s now with me. I’m very grateful to know Dr Ughulu. Thank you so much sir.
EMAIL: [email protected]
Call number Text number: +1(252) 409-1841
I’d like to express my sincere gratitude to the woman who commented on how she used DWOH to recover her bitcoin and return it to her wallet. Coincidentally, I experienced a similar issue and, after losing a total of $88,000 on a phony cryptocurrency investment platform, I felt compelled to contact them for assistance. Today, I can attest to their authenticity because, as I type this, I have my lost bitcoin back in my CoinBase wallet and am in tears of joy. Please get in touch with DWOH using the following information via Email Address: [email protected] OR Whats-App: +1 (803) 392-1735 if you’re having withdrawal issues, wish to recover, or want to confirm a website is legitimate before investing..
I couldn’t never thought I was going to get my EX lover back but the moment I contacted Dr Ughulu I got her back within 24 hours. I saw Dr ughulu on a group of United states so i visited his page and I saw he is spell caster so i decided to send him a message for him to help me bring back my wife so I texted him and i give him the reason why i text him and he said it shouldn’t bother me i am getting her back immediately i was so very happy Dr ughulu arrange everything to cast a love spell on her that brought back my wife within 24 hours. She’s now with me. I’m very grateful to know Dr Ughulu. Thank you so much sir.
EMAIL: drughulupowerfuls [email protected]
Call number Text number: +1(252) 409-1841
I almost lost my marriage when I watched my wife turned into a total stranger and left the kids and I. I was so furious knowing I had done everything possible to ensure I sustained my marriage as a father and husband. The terrible fights we had traumatized me and I couldn’t function properly as a man. I kept on trying to find out what made her did what she did which made me contacted Dr Isikolo. I was surprised to have found out that she was under a huge manipulation from a man who wanted to ruin my marriage with her and take her away from me. Dr Isikolo had to intervene and fixed the problem thereby ensuring she was rescued from the claws of the dark magic charm they used on her. Knowing that I was able to get my family together again with the help of Dr Isikolo gives me joy and I am forever thankful to him. His webpage (https://isikolo-temple.com) or text him on WhatsApp: +2348133261196
HOW TO GET BACK A LOST LOVER TO LOVE YOU AGAIN, END DIVORCE SPELL.
Am so grateful to this great man Prophet who has brought happiness back into my life, to start with, i saw a testimony about Prophet Isaac how he helped someone in bringing back her ex within 48hours so i decided to give Prophet Isaac a chance in bringing back my lover who left me for 3years, and he said my lover will be back sooner than i could ever imagine. As soon as it was 48hours my lover Louis called me and said he was sorry for every single thing he has done to me, i am so happy to have him back in my life, what would i have done if not for you Prophet Isaac i will always give you thanks, you can reach Prophet Isaac on his email ([email protected]) or WhatsApp: +27606307392, YouTube Channel: https://www.youtube.com/@WhiteMagicLoveSpell
HOW TO GET BACK A LOST LOVER TO LOVE YOU AGAIN, END DIVORCE SPELL.
Am so grateful to this great man Prophet who has brought happiness back into my life, to start with, i saw a testimony about Prophet Isaac how he helped someone in bringing back her ex within 48hours so i decided to give Prophet Isaac a chance in bringing back my lover who left me for 3years, and he said my lover will be back sooner than i could ever imagine. As soon as it was 48hours my lover Louis called me and said he was sorry for every single thing he has done to me, i am so happy to have him back in my life, what would i have done if not for you Prophet Isaac i will always give you thanks, you can reach Prophet Isaac on his email urgentspellcast01@gmail. com or WhatsApp: +27606307392, YouTube Channel: https://www.youtube.com/@WhiteMagicLoveSpell
Being scammed out of my cryptocurrency was a nightmare I never expected. I felt completely hopeless until I found Walldrive Cyber Security Service. Their team handled my case with great care and expertise. They were able to trace the transactions and retrieve my funds in a remarkably short period of time. The regular updates and clear communication throughout the process were very reassuring. Walldrive Cyber Security Service turned what seemed like an impossible situation into a successful recovery.
You can reach out to them through Whatsapp: +44 7961 202493; e-mail: walldriveservice @ techie.com
I have been suffering from Herpes for the past 1 years and 8 months, and ever since then I have been taking series of treatment but there was no improvement until I came across testimonies of Dr. Silver on how he has been curing different people from different diseases all over the world, then I contacted him as well. After our conversation he sent me the medicine which I took according to his instructions. When I was done taking the herbal medicine I went for a medical checkup and to my greatest surprise I was cured from Herpes. My heart is so filled with joy. If you are suffering from Herpes or any other disease you can contact Dr. Silver today on this Email address: [email protected] or Whatsapp +2348120513902
If not for Baba Powers what would my life turn out to be? I want you all to please contact Baba Powers now to get the powerful black mirror from him. I want you all to also BELIEVE AND TRUST HIM because whatever he tells you is the TRUTH and 100% guaranteed. The black mirror makes it happen, attracts abundance. I bought the black mirror from Baba Powers and now, I am super rich and successful with the help of the black mirror. When I first saw the testimonies of Baba Powers of the black mirror, I thought it was a joke but I contacted him to be sure for myself and to my greatest surprise, the black mirror is real. The black mirror is powerful. Check him out on his website to see plenty of amazing testimonies from people about him. These are some of the people that he has helped. Here is his website; Babablackmirrorsofpowers.blogspot.com and here is his email; [email protected] I really can’t thank you enough Baba Powers. God bless you, thank you
My husband Left me after years of our marriage, Dr. Salem started the spiritual prayer on my husband. And gave me so much assurance and guaranteed me that he was going to bring my husband back to my feet in just 48 hours of the prayer. I was so confident in his work and just as he said in the beginning, my husband is finally back to me again. Yes he is back with all his hearts, Love, care, emotions and flowers and things are better now. I would have no hesitation to recommend him to anybody who is in need of help.. Dr. Salem’s Email- salemmanifestloverspell @ gmail. com…
I am sharing this testimony to partners suffering in their relationships because there is an enduring solution.
My husband left me and our 2 kids for another woman for 3 years. I tried to be strong just for my kids but I could not control the pains that torment my heart. I was hurt and confused. I needed help, so I did some research on the internet and came across a site where I saw that Dr. Aluya, spell caster, can help get lovers back. I contacted him and he did a special prayer and spell for me. To my surprise, after some days, my husband came back home. That was how we reunited again and there was a lot of love, joy and peace in the family.
You can as well contact Dr. Aluya , a powerful spell-caster for solutions on his Email
[email protected] or directly on Whats App:
+2348110493039
Good works deserves good recommendation, I appreciate the effort of Dr.Ogudugu for helping me to bring back my husband, All thanks to him. I was heart broken when my husband left me and moved to California to be with another woman. I felt my life was over and my kids thought they would never see their father again. I tried to be strong just for the kids but I could not control the pains that tormented my heart, my heart was filled with sorrows and pains because I was really in love with my husband. I have tried many options but he did not come back, until i met a friend that directed me to Dr.Ogudugu a spell caster, who helped me to bring back my husband after 24hours. Me and my husband are living happily together again, This man is powerful, you can contact him now. I will advice anyone that have relationship problem or marriage problem, financial Difficulty, court case problem contact Dr.Ogudugu now, Here his contact.
WhatsApp him at: +2348163026536 “Or email him at: [email protected]
My marriage is a direct result of Prophet Isaac’s love magic. For years, he has cast spells of divine affection to help me sort out issues with my partner. As I neared retirement, I knew that life after employment would bring its own set of difficulties, so I turned to Prophet Isaac for advice. He promised me that I would hit the jackpot if I adhered to his instructions to the letter. I collected the items needed for the lottery spell and, feeling sure of myself, revealed my retirement intentions to my boss, who agreed to July 17 as my retirement day. Three days after that, I went to a J&J Variety store in West Boylston, Mass, as Prophet Isaac had instructed, and to my surprise, I won $1,000,000. I chose to take the cash prize of $650,000. I am deeply thankful to Prophet Isaac. I invite you to express your thanks to him or reach out to Prophet Isaac for help via email: ([email protected]), WhatsApp: +1 (757) 237-1724, or on his Facebook page https://www.facebook.com/RealWhiteMagicSpell.
It’s a miracle that I am alive today. I encounter HERPES SIMPLEX VIRUS (HSV1/2) for good four (4) years, six (6) months and twelve (12) day with my calculations, before I meet the great priest salami. I am Louis empiral from Fresno California, united state of America and I was affected with herpes virus.Herpes is a viral infection cause by the Herpes simplex virus, marked by painful, watery blister in the skin or mucous membrane or on the genitals. This was what I suffered for good four years. I have visited CVS Pharmacy in Fresno for treatment but no improvement. I met priest salami online while I was searching for herpes cure. I read a testimony about his work. I give a try that now becomes a testimony in my life. I contacted him through WhatsApp +2348105150446 email [email protected] and Facebook facebook.com/priestsalami. You are truly God sent to me.
Its a miracle that I am alive today. I encounter HERPES SIMPLEX VIRUS (HSV1/2) for good four (4) years, six (6) months and twelve (12) day with my calculations, before I meet the great priest salami. I am Louis empiral from Fresno California, united state of America and I was affected with herpes virus.Herpes is a viral infection cause by the Herpes simplex virus, marked by painful, watery blister in the skin or mucous membrane or on the genitals. This was what I suffered for good four years. I have visited CVS Pharmacy in Fresno for treatment but no improvement. I meet priest salami online while I was searching for herpes cure I read a testimony about his work. I give a try that now becomes a testimony in my life. I contacted him through WhatsApp +2348105150446 email [email protected] and Facebook facebook.com/priestsalami, you are truly God sent to me.
I want to thank Dr Ughulu for what he has done for me, it has been 1 year and 4 months I have being suffering from HIV disease all because I cheated on my husband I had this HIV disease through the man I had sex with when I was cheating behind my husband, so after I have been suffering from the HIV disease I have spent a lot of money in the hospital just to get a cure and nothing work out for me, one day I was searching something online that I saw a comment about how someone testify Dr Ughulu , so when I saw it and I read it I was afraid to message him but I make up my mind and I sent him a message I explain everything to him, he told me what to do that can cure my HIV disease so I did exactly what he said, it didn’t take up to 2 weeks my HIV disease was totally cured. Then I went for a checkup. The doctor told me I no longer have HIV disease in my body anymore. That was the beginning of my happiness. Thank you so much Dr Ughulu for all you have done for me. You can also contact him through his email: drughu lupowerfulspelltemple @ gmail.com or CALL/TEXT: +1(252) 409-1841
Attention SIR/MADAM.
We have both Kazakhstani Origin and Qatari Origin Petroleum Products. On behalf of the End Sellers/Title Holders, I hereby inform you of the availability of and capability to supply RUSSIAN MAZUT M100, JP54, D6, D2, Jet A1, REBCO, EN590, Bitumen, LPG, LNG,A8, CST-380, GASOLINE 95 OCTANE, Urea 46, sulfur, Linear alkali benzenethiol alcohol, Caustic Sudetes for Contract sales.
These products are available both on CIF and FOB in Russian ports and Any other safe port all around the world. We sell and export these products in bulk both Marvel Metals deals in all types of scrap. We have profound knowledge of re-meltable & re-rollable materials.
We have STORAGE Tank Farm is one of the largest liquid bulk storage companies in UAE, SINGAPORE, CHINA, USA & NETHERLANDS Terminals., controlling logistics services in Rotterdam Port and Houston Terminals. We also prove our competence and responsibility to Store and Transport Oil and Gas Petroleum Products of ready clients in the ports mentioned. The supply is guaranteed to meet the specifications
We also have Kazakhstan Origin for the above products mentioned.
LEGAL REPRESENTATIVE
Mr. Eric Daniel
GENERAL DIRECTOR
WhatsApp: (+1 234) 389-4661
Contact Email: ( [email protected] )
I lost about $325,000 USDT to a fake Bit-by-bit trading platform few weeks back after I got lured into the trading platform with an intent of earning 10% profit daily trading on the platform. This period was a hell of a time for me as I could hardly pay my bills and get my feeding routine done. I had to confide in my close friend who then introduced me to this crypto recovery team with the best recovery software at WIZARD JAMES RECOVERY. I contacted them and they were able to completely recover my stolen digital assets with ease . It was indeed an amazing service, this will forever be the best service I got on the internet. I strongly recommend this team to anyone going through similar situation with their investment or fund theft to speedily lookup this team for the best appropriate solution so as to avoid getting lured by other fake recovery agents. Send your complaint now!!!
Contact info: ( [email protected] )
THANKS TO WIZARD JAMES RECOVERY
I’m forever grateful to WIZARD JAMES RECOVERY for their remarkable assistance in recovering the $38,540 I had lost to a crypto scam. This amount was meant to cover my husband’s urgent hospital bills, and I was deceived by a fraudster posing as Agent David, who promised me a return of $380,940 – but it was all a scam. Thanks to WIZARD JAMES RECOVERY’ expertise and dedication, I was able to recover not only the initial investment but also the profit I was promised. Their help has been a blessing to my family, and we can now focus on my husband’s recovery without financial stress. I highly recommend WIZARD JAMES RECOVERY to anyone who has fallen victim to crypto scams. They are professional, efficient, and compassionate. Thank you, WIZARD JAMES RECOVERY, for your exceptional service and support during a difficult time!”
Quickly reach out to WIZARD JAMES RECOVERY, on their
EMAIL:: [email protected]
WhatsApp Number: (+1 234) 389-4661
CONTACT [email protected] OR WHATSAPP +14106350697 for all your hacking and pi jobs they are he best when it comes to pi jobs they helped save me from a promiscuous partner who wanted to use my past against me they helped hack into her phone got me useful informations to use in court they helped clear bad records and increased my credit score and they also helped me with my stolen cryptocurrency they are competent and 100% reliable contact them if you need help and come back to share your testtimony
I want to thank this great Dr Ogedegbe for bringing my husband back to me. I have seen many people who will help me get him back but nothing happened, Dr Ogedegbe gave me a consultation and told me all the truth, and I trusted Dr. Ogedegbe and had him do the spells for me. It took awhile because it was very very messy between us. I had to wait for each spell to do its work. but once the last spell was finally working and the other spells had worked, that is when he called. We met. then it took many more meetings. but now we are back together and I can only thank Dr Ogedegbe, he is the greatest, I will come to Dr Ogedegbe for life. Dr Ogedegbe took care of me like a father. contact him if you need any help via email [email protected] or whatsapp him via +2348109374702…. he also casts the following spell…..Marriage spell…….Death spell……Lottery spell…..Pregnancy spell….Promotion spell. ….