Hermès reports that its third-quarter revenue growth slows as demand softens, particularly in China. Multiple outlets say the company’s growth rate is weaker than in recent quarters, with one describing the period as its weakest quarterly sales growth since the early-2020 pandemic closures.
Business of Fashion and the Financial Times attribute the slowdown to a challenging economic backdrop that affects customers’ spending, with China highlighted as a key drag. Business of Fashion adds a specific market detail, saying Asia-Pacific sales excluding Japan show no growth. The Financial Times reports that overall results miss forecasts even though categories such as handbags and leather goods still post strong growth.
