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Regarding the weakness in fragrance sales, du Halgouët cited a tough comparison basis due to last year’s launch of the Barénia perfume. Hermès is working on introducing skincare “with a launch expected around 2028”, he added. Analysts had predicted that the house’s third-quarter luxury earnings would show modest growth, buoyed by the US wealth effect and a stabilisation in China. They have proved to be right so far. LVMH’s fashion and leather goods division reported a sales decrease of 2 per cent in Q3, an improvement compared with a 9 per cent decrease in Q2. Brunello Cucinelli posted a 12 per cent increase in revenues, also accelerating from the first half of the year when sales were up 10.7 per cent. Kering is to report its Q3 earnings on Wednesday afternoon, Prada on 23 October, Moncler on 28 October, and Richemont on 14 November.Olivia Miles 5 Tcu Horned Frogs Basketball Name Number Ball Shirt
“Hermès is the third luxury company during this reporting season to deliver year-on-year sequential revenue improvement, suggesting a potential inflection point,” Thomas Chauvet, head of luxury goods equity research at Citi, wrote in a note. “We think the luxury sector may be entering in a more favourable demand and earnings cycle, supported by stabilising macro conditions in key geographies, significant wealth effects, improved traffic or volume, supply-side initiatives — like creative change and newness, renewed marketing efforts, distribution innovation, new store concepts and category expansion — and easy comparatives until the second quarter of 2026.” “We expect this should be enough to support the shares; even more so, considering that the positive surprise is driven by materially better non-leather divisions,” Bernstein luxury goods analyst Luca Solca added in a note.
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