Hermès Posts 9.8% Q4 Revenue Gain, Cites U.S. and Japan Strength as Price Hikes Slow
Hermès reported fourth-quarter product sales growth of 9.8% on a currency-adjusted basis, beating analyst consensus, with the Americas and Japan posting particularly strong demand. The company expects smaller price increases in the coming year and delivered a full-year operating profit margin slightly ahead of estimates, while announcing an 18-euro…