Hermes Sales Jump as Birkin Maker Weathers Luxury Slowdown
- Quarterly sales growth strongest in Japan, the Americas
- Company plans price hikes between 8%-9% on average in 2024
Hermes sales surged at the end of last year as the Birkin bag maker thrived amid the slowdown in demand for luxury goods with its unique model driven by scarcity.
Fourth-quarter revenue climbed 17.5% at constant exchange rates, Hermes International SCA said in a statement Friday. Analysts expected a gain of about 14%. The company also announced plans for an exceptional dividend of €10 a share.