Hermes 2Q sales rise 13% on continued appetite for high-end luxury
PARIS, July 25 (Reuters) -Birkin-bag maker Hermes HRMS.PA reported a 13% rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags, even as less affluent consumers pull back.
Sales at the French luxury group grew to 3.7 billion euros ($4.02 billion), a 13% organic sales rise that strips out currency fluctuations. The figure was in line with analyst expectations, according to a Visible Alpha consensus.
Operating profit for the first half was 3.1 billion euros, compared to a forecast from consensus provider Visible Alpha for 3.2 billion.
($1 = 0.9209 euros)
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Reporting by Mimosa Spencer
Editing by Alexandra Hudson
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