Source : World Wide Web [ World Wide Web Financial Report ] According to the first quarter ear nings report recently released by Her mes , sales increased significant ly , demonstrat ing strong market moment um .
A new report from Cit ib ank shows that the long - standing French lux ury design company is expected to rep lace LV M H ' s Louis Vu itt on in the next few years as a global lux ury market leader .
In the report , Thomas Cha ub ert , head of stock research at City , predic ts that Her mes ' s sales could reach € 20 billion over the next three years .
That ' s the same amount of revenue that Louis Vu itt on would have achieved in 2022.
For the full year of 202 3, Her mes ' s sales reached 13. 4 billion euros .
According to the latest financial report , Her mes ' first quarter revenue reached 3. 8 billion euros , up 17% year - on - year , with strong sales in the le ather products division playing an important role in the growth of the results .
No tab ly , Her mes achieved double - dig it sales growth in all regions , particularly in the Japanese market , which gre w by 25 percent .
Me anw hile , LV M H Group ' s first - qu arter performance was som ew hat ble ak , with reven ues down 2% year - on - year .
LV M H has not released detailed revenue data for Louis Vu itt on , but revenue in its fashion and le ather goods div isions is also on a down ward trend .
Analy sts believe Her mes ' s success is due to its own pric ing strategy , strict control of sales ro utes and ex pansion into new categories and regions .
In addition , Her mes ' product Whatsapp cov ers a wide range of consumer seg ments , from bar ga ins to ultra - lux uri ous .
Against the background of the slow down in the growth rate of the entire industry , Her mes is still able to maintain a strong growth moment um , which must have been ahead of the competition in the lux ury goods market .
At the same time , other lux ury brand s , such as G ucci and Levi athan , are fac ing greater market pressure .
Current ly , Her mes ' s share price is up 22%, far exce eding the ga ins of LV M H .
This achie vement not only high light ed Her mes ' strong competiti veness in the lux ury goods market , but also laid a solid found ation for its future development .
Release date: 2025-02-28 23:34:55
