Bernstein says Hermès first-half organic sales met expectations, EBIT margin beat consensus
Bernstein said Hermès’ first-half 2026 organic sales growth of 6.7% was in line with expectations.
Bernstein said Hermès’ first-half 2026 organic sales growth of 6.7% was in line with expectations. It also said EBIT margin came in at 41.1%, 70 basis points above consensus, helped by better gross margin performance.
It said results varied across product categories and regions, with foreign exchange acting as a drag, and pointed to leather goods innovation, new-category acceleration, and continued regional sales trends as catalysts to watch.
It said results varied across product categories and regions, with foreign exchange acting as a drag, and pointed to leather goods innovation, new-category acceleration, and continued regional sales trends as catalysts to watch.