Third Quarter

Hermès: The Untouchable Giant of Luxury Fashion?

by

In a luxury market that seems to be slowing, Hermès remains an exception, reporting a stellar 11.3% rise in sales to €3.7 billion in the third quarter. With other luxury giants like Kering and LVMH experiencing more modest results—down 16% and 4.4% respectively—one has to wonder: what is Hermès doing differently? And more provocatively, can … Read more

Estée Lauder Third Quarter Earnings: strong sales from the recent launches

by

Estée Lauder Companies Third Quarter Earnings Per Share Rise to $.38, before Restructuring Activities Underlying Sales Growth Remains Solid For the quarter, The Estée Lauder Companies reported net sales of $2.25 billion, a 4% increase compared with $2.17 billion reported in the prior-year quarter. Excluding the impact of foreign currency translation, net sales increased 5%. … Read more