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Hermès Continues to Outshine Rivals with Sales up 11.3%

The Birkin bag maker reported a hefty rise in third-quarter sales on Thursday, continuing to outperform rivals hit hard by a sharp slowdown in luxury demand.
Sales growth at Hermès eased in the final quarter of last year, missing market forecasts and sending its shares down as much as 7 percent.
The Birkin bag maker reported a hefty rise in third-quarter sales on Thursday, continuing to outperform rivals hit hard by a sharp slowdown in luxury demand. (Getty Images)

Birkin bag maker Hermès reported on Thursday a hefty rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as its luxury handbags lure wealthy shoppers.

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