Hermès Q3 2026: Leather Goods on Fire, Stock on Sale
Hermès Q3 revenue of €4.1B (+4.3% organic) missed expectations and the stock fell to new lows — but leather goods accelerated to +10.8%, China is stable, and the scarcity machine keeps compounding. Alex and Jordan break down the quarter.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.