Herm\u00e8s<\/strong> reported first-quarter 2026 revenue of \u20ac4.07 billion<\/strong> ($4.80 billion), representing a 6% increase at constant exchange rates. On a reported basis, however, sales declined 1% due to a \u20ac290 million currency impact<\/strong>.<\/p>\n\n\n\n The luxury group said it continues to navigate a tense geopolitical backdrop while maintaining its long-term strategy focused on creativity, craftsmanship and client loyalty.<\/p>\n\n\n\n Growth varied across regions. The Americas<\/strong> delivered a strong 17% increase, while Japan<\/strong> and Europe excluding France<\/strong> each rose 10%.<\/p>\n\n\n\n France<\/strong> saw a 3% decline, which the company attributed to reduced tourist traffic linked to developments in the Middle East. Asia excluding Japan<\/strong> grew modestly by 2%, supported primarily by local demand.<\/p>\n\n\n\n The \u201cOther\u201d region, largely comprising Middle Eastern markets such as the UAE, Kuwait, Qatar and Bahrain, fell 6% amid geopolitical pressures.<\/p>\n\n\n\n Retail sales in company-operated stores increased 7%, even as tourist flows softened. Wholesale performance was weaker, reflecting reduced activity in concession stores, particularly in the Middle East and airport locations.<\/p>\n\n\n\n By division, leather goods and saddlery<\/strong> rose 9%, supported by sustained demand and increased production capacity, including a new workshop in France.<\/p>\n\n\n\n Silk and textiles<\/strong> advanced 8%, while jewellery and home categories grew 7%. Ready-to-wear, accessories, perfume and beauty were flat. The watches<\/strong> segment declined 4% as the broader market remained challenging.<\/p>\n\n\n\n Herm\u00e8s continued expanding its production and retail footprint. The group opened a store in Hanoi, Vietnam<\/strong> and refurbished and enlarged its Umeda Hankyu location in Osaka, Japan<\/strong>.<\/p>\n\n\n\n New leather goods workshops are planned in Charleville-M\u00e9zi\u00e8res<\/strong> in 2027, Colombelles<\/strong> in 2028 and Les Andelys<\/strong> in 2030, all in France. The company also intends to expand its watchmaking facility in Le Noirmont, Switzerland<\/strong>, with completion targeted for 2028.<\/p>\n\n\n\n Early in 2026, Herm\u00e8s distributed \u20ac328 million<\/strong> to employees tied to 2025 results, including profit-sharing, incentive schemes and a \u20ac3,000 bonus for all staff.<\/p>\n\n\n\n Looking ahead, the group reaffirmed its medium-term objective of revenue growth at constant exchange rates, while acknowledging ongoing economic, geopolitical and currency uncertainty.<\/p>\n","protected":false},"excerpt":{"rendered":" Revenue Up at Constant Rates Herm\u00e8s reported first-quarter 2026 revenue of \u20ac4.07 billion ($4.80 billion), representing a 6% increase at constant exchange rates. On a reported basis, however, sales declined 1% due to a \u20ac290 million currency impact. The luxury group said it continues to navigate a tense geopolitical backdrop while maintaining its long-term strategy […]<\/p>\n","protected":false},"author":5,"featured_media":3150,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[111],"tags":[1375,1376,1380,1379,1373,1372,1377,1378,1374,1381],"tmauthors":[129],"ppma_author":[117],"class_list":{"0":"post-3149","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-currencies","8":"tag-hermes-asia-middle-east-sales","9":"tag-hermes-constant-currency-growth","10":"tag-hermes-currency-impact-euro","11":"tag-hermes-employee-bonus-2026","12":"tag-hermes-leather-goods-sales","13":"tag-hermes-production-expansion-france","14":"tag-hermes-q1-2026-earnings","15":"tag-hermes-watch-division-decline","16":"tag-luxury-retail-regional-performance","17":"tag-luxury-sector-geopolitical-impact"},"yoast_head":"\nRegional Performance Mixed<\/h2>\n\n\n\n
Retail Resilient, Wholesale Softer<\/h2>\n\n\n\n
Category Breakdown<\/h2>\n\n\n\n
Investment and Expansion Plans<\/h2>\n\n\n\n