Hermès Sales Jump as Label Outperforms During Luxury Slump
- Sales in Americas, region that includes China beat estimates
- Struggling watches division also grew in fourth quarter
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Hermès sales surged as wealthy shoppers snapped up its pricey handbags over the holiday season, underlining the brand’s resilience compared with luxury peers.
Sales jumped almost 18% in the fourth quarter at constant exchange rates, Hermès International SCA said in a statement Friday. Analysts were expecting a gain of 11%. The region that includes China and the Americas both did much better than estimates.