Hermes shares record, sales impress
Hermes shares hit a new intraday high after the luxury goods maker’s Q4 sales beat estimates. IGTV's Angeline Ong explains why the results from the Birkin bag maker amplifies the positive mood music in the high-end luxury sector.
(AI Video Summary)
Hermes shares price reaches record high from strong sales
This video is about the incredible success of a luxury brand called Hermes. Their shares have reached an all-time high because their sales in the fourth quarter were outstanding. The video provides lots of helpful charts that show how Hermes' performance has been going up and up. Not only did they exceed expectations with a 17.5% increase in sales, but they are also now considered to be the fastest-growing luxury brand.
Luxury market doing well
It's not just Hermes that's been doing well though. Other high-end brands like LVMH and Rémy Martin are also looking positive, which suggests that the luxury market as a whole might be turning around. Hermes is famous for its Birkin bags. These bags are considered to be investment pieces because they can be worth a lot of money. Even smaller bags from Hermes can have price tags as high as $100,000!
If you're thinking about investing in luxury items, the video suggests going for the higher-end options. These tend to do well no matter what the economic conditions are like. Luxury brands in this market segment usually keep thriving, whether the times are good or bad. This is great news for Hermes and other luxury brands, as it shows that despite concerns about the Chinese market and rising prices in the US, consumers are still willing to spend money on luxury goods. The increased sales and positive outlook for these brands indicate that the luxury market might be shifting in a positive direction.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Act on share opportunities today
Go long or short on thousands of international stocks with spread bets and CFDs.
- Get full exposure for a comparatively small deposit
- Trade on spreads from just 0.1%
- Get greater order book visibility with direct market access
See opportunity on a stock?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See opportunity on a stock?
Don’t miss your chance – upgrade to a live account to take advantage.
- Trade a huge range of popular stocks
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See opportunity on a stock?
Don’t miss your chance. Log in to take advantage while conditions prevail.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
