Hermes International 3Q Revenue Returned to Growth as Asia Sales Rose Significantly
By Joshua Kirby
Hermes International SCA said Thursday that revenue returned to
growth in the third quarter, driven by in-store performance and
strong sales growth in Asia.
Revenue for the period grew 6.9% at constant exchange rates to
1.80 billion euros ($2.14 billion) from the same period the
previous year, the French luxury-goods company said.
Sales in stores were up 12%, while Asia sales grew 29% on the
year. Online sales were notably strong in the region, the company
Hermes, best known for its leather bags, said the impact of the
coronavirus pandemic on full-year results remained difficult to
assess, but confirmed its "ambitious" medium-term goal for revenue
growth at constant exchange rates.
Write to Joshua Kirby at firstname.lastname@example.org
(END) Dow Jones Newswires
October 22, 2020 02:44 ET (06:44 GMT)
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