Hermès Slides on Weakest Quarterly Growth in Years ```json { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Hermès Slides on Weakest Quarterly Growth in Years", "description": "A Q3 sales miss and stagnating Asia demand sent Hermès shares sharply lower on 22 October, raising questions about the durability of luxury's premium tier.", "image": [ "https://assets.simplefx.com/cms/a3249ab7-dece-462c-94a8-a552139fd40f.jpg" ], "datePublished": "2026-10-22T09:40:08.729Z", "dateModified": "2026-10-22T09:40:08.673Z", "author": { "@type": "Organization", "name": "SimpleFX", "url": "https://simplefx.com", "sameAs": [ "https://simplefx.com/social/x", "https://simplefx.com/social/linkedin", "https://github.com/SimpleFXcom/simplefx-api", "https://simplefx.com/social/facebook", "https://simplefx.com/social/youtube", "https://simplefx.com/social/tiktok", "https://www.trustpilot.com/review/simplefx.com" ] }, "publisher": { "@type": "Organization", "name": "SimpleFX", "logo": { "@type": "ImageObject", "url": "https://simplefx.com/assets/images/simplefx-logo.png", "width": 600, "height": 60 }, "url": "https://simplefx.com", "sameAs": [ "https://simplefx.com/social/x", "https://simplefx.com/social/linkedin", "https://github.com/SimpleFXcom/simplefx-api", "https://simplefx.com/social/facebook", "https://simplefx.com/social/youtube", "https://simplefx.com/social/tiktok", "https://www.trustpilot.com/review/simplefx.com" ] }, "mainEntityOfPage": { "@type": "WebPage", "@id": "https://simplefx.com/trading-news/herm-s-slides-on-weakest-quarterly-growth-in-years" }, "articleSection": "Trading news", "keywords": "rms.fr, hermes, stocks, luxury, earnings, china, sector-rotation, volatility", "inLanguage": "en", "isAccessibleForFree": true, "wordCount": 578, "timeRequired": "PT3M" } ``` 78% of retail investor accounts experience cash losses as a result of trading CFDs with this CFD provider. CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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English AR - العربية ES - Español FR - Français HI - Hindi ID - Bahasa Indonesia KO - Korean MY - Malay PT-BR - Português RU - Русский TH - ภาษาไทย TR - Türkçe VI - Tiếng Việt ZH - 中文 * [](/ "Home") * [Trading news](/trading-news) * Hermès Slides on Weakest Quarterly Growth in Years Hermès Slides on Weakest Quarterly Growth in Years ================================================== A Q3 sales miss and stagnating Asia demand sent Hermès shares sharply lower on 22 October, raising questions about the durability of luxury's premium tier. Updated 09:40:08 22/10/2026 ![Hermès Slides on Weakest Quarterly Growth in Years](https://assets.simplefx.com/cms/medium_a3249ab7-dece-462c-94a8-a552139fd40f.jpg) A Miss That the Market Would Not Forgive ---------------------------------------- Hermès shares fell to €1249.39 on 22 October, a decline of -7.38% on the session, after the French luxury house reported third-quarter revenue growth that fell short of analyst expectations and marked its weakest quarterly expansion in years. The group posted constant-currency revenue growth of 4.3% to 4.1 billion euros in the three months to 30 September, according to wwd.com. Analysts had pencilled in growth of 5.2%, and the result represented a sharp deceleration from the 9.6% recorded in the same period a year earlier. The shortfall coincided with stagnation in China and a decline in ready-to-wear and accessories — the first such contraction in years — which leather goods strength and Americas momentum were not sufficient to offset. Leather goods and saddlery, the group's largest division, grew in the quarter, and the Americas posted double-digit gains. Japan also advanced. But Asia-Pacific excluding Japan remained a drag, with subdued demand across the region weighing on the headline number. On the 22 October press call, as reported by Reuters, Hermès finance chief Eric du Halgouët described China as "very difficult" but said he remained confident on long-term prospects and that the company would keep investing in the country. The company also confirmed its medium-term revenue growth goal — a statement that tempered the headline miss without reversing the market's reaction. Six Months of Pressure, One Day of Reckoning -------------------------------------------- The session's drop did not arrive in isolation. Over the past six months, Hermès shares have shed -21.16%, with the stock well below the six-month high of €1788.89 reached earlier in the period. The Q3 print crystallised concerns that had been building as Asia demand remained subdued across the luxury sector. The combination of a China slowdown, currency headwinds — which cut roughly 310 million euros from nine-month sales — and a first decline in ready-to-wear in years gave the market concrete reasons to reprice growth expectations rather than wait for a recovery. Full-Year Results Set the Next Test ----------------------------------- With the Q3 update now absorbed, the next scheduled event on Hermès's calendar is the 2026 full-year results, due on 12 February 2027 at 08:00 CEST, per the Hermès Finance investor calendar. That release will show whether the China weakness deepened through the fourth quarter or whether leather goods and Western markets provided enough of an offset to stabilise the annual growth trajectory. Until then, any shift in China consumer sentiment or currency moves affecting the euro will be the variables to track against the confirmed medium-term growth target. ### Risk Factors * Volatility risk: a single-session decline of -7.38% signals elevated uncertainty; further sharp moves are possible as investors reassess growth assumptions. * China demand risk: management described the market as 'very difficult', and any further deterioration in Asia-Pacific consumer sentiment could pressure the next quarterly print. * Currency risk: currency swings cut roughly 310 million euros from nine-month sales; a strengthening euro against key trading currencies would compound reported revenue weakness. * Execution risk on medium-term targets: the company reaffirmed its growth goal, but a second consecutive quarterly miss would test the credibility of that guidance ahead of the February 2027 full-year results. This article does not constitute financial advice. All prices and figures are sourced from the data provided and are accurate as of the timestamp stated. Past performance is not indicative of future results. This article was generated with AI assistance and may contain errors. SimpleFX Markets Desk — AI-assisted market analysis for active traders * [A Miss That the Market Would Not Forgive](#a_miss_that_the_mark) * [Six Months of Pressure, One Day of Reckoning](#six_months_of_pressu) * [Full-Year Results Set the Next Test](#full-year_results_se) × Simple account opening. Simple way to start investing. No fees and no minimum deposits Enter your e-mail I accept the [Terms of Use](https://simplefx.com/legal-documents) & [Privacy Policy](https://simplefx.com/privacy-policy/). 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