Fashion & retail
Hermès, Kering report Q1 misses
Hermès Q1 revenue of €4.07B trailed consensus €4.16B; Kering fell 6% YoY to €3.57B. The Middle East conflict cost LVMH 100bp of organic growth; Middle East sales plummeted 13%+.
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Hermès Q1 revenue of €4.07B trailed consensus €4.16B; Kering fell 6% YoY to €3.57B. The Middle East conflict cost LVMH 100bp of organic growth; Middle East sales plummeted 13%+.
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