Luxury-goods retailer Hermes posts higher profit, revenue

Hermes International SCA said Wednesday that first-half net profit and revenue rose, and backed its medium-term revenue outlook.

Hermes RMS, -1.56%, which is best known for its leather bags, said net profit rose to 754 million euros ($832.6 million) from €706 million in the same period a year ago. Revenue rose 15% at current exchange rates to €3.28 billion, it said.

Hermes confirmed its medium-term outlook of revenue growth at constant exchange rates.

Filed in: Top News Tags: 

You might like:

Market Extra: A record one-quarter of $450 billion of student loans are being repaid on income-based repayment plans, DBRS Market Extra: A record one-quarter of $450 billion of student loans are being repaid on income-based repayment plans, DBRS
NewsWatch: Why the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market NewsWatch: Why the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market
The New York Post: Don’t buy China’s story: The coronavirus may have leaked from a lab The New York Post: Don’t buy China’s story: The coronavirus may have leaked from a lab
The Wall Street Journal: Buffett’s Berkshire stock underperforms the most since 2009 The Wall Street Journal: Buffett’s Berkshire stock underperforms the most since 2009
Market Snapshot: Why the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market Market Snapshot: Why the coronavirus outbreak is delivering a fresh dose of recession fear to the stock market
Morgan Stanley is paying $2,500 per customer for E-Trade. You can earn a $3,500 sign-up bonus for signing with a new broker — with one major catch Morgan Stanley is paying $2,500 per customer for E-Trade. You can earn a $3,500 sign-up bonus for signing with a new broker — with one major catch
Market Extra: Will a surging dollar derail the stock-market rally? What investors need to know Market Extra: Will a surging dollar derail the stock-market rally? What investors need to know
Commodities Corner: Agricultural commodities may get a post-coronavirus boost Commodities Corner: Agricultural commodities may get a post-coronavirus boost
© 2020 Stock Investors News. All rights reserved. XHTML / CSS Valid.