Hermes Stock Falls After Sales Report
Hermes stock fell 10.4% on Wednesday. The luxury brand reported first-quarter sales results.
Revenue reached €4.1 billion, up 6%. Leather goods grew 9%.
Klear Note — Hermes is a luxury fashion company. Stock prices fall when investors worry about future profits.
Key Terms 2
- revenue total money a company earns from sales
- leather goods bags, belts, and other items made from leather