Hermes International (FR:RMS)
:RMS
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Earnings Data
Report Date
Jul 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
21.39Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive performance: robust top-line growth (EUR 16bn+), strong margin expansion, solid cash generation, continued investment in production and retail capacity, and significant job creation and CSR progress. Notable headwinds include an adverse currency impact (~EUR 500m), underperformance in Perfume & Watches, a material exceptional French tax burden (~EUR 330m), and investor concerns around balancing volume expansion with brand desirability. On balance, the positive financial results, cash strength, and strategic investments outweigh the lowlights, though near-term uncertainty (FX, China early‑year trends) warrants monitoring.Company Guidance
Revenue Growth and Scale
Group revenue exceeded EUR 16.0 billion in FY2025, up 9% at constant exchange rates and 5.5% at current exchange rates, with Q4 sales of EUR 4.1 billion (+10% at constant exchange rates).
Strong Regional Performance
All major regions grew: France +9%, Europe +11%, Japan +14%, Asia (incl. Japan) +5%, Americas +12%, Other zones (incl. Middle East) +15% — geographical mix remained balanced.
Division-Level Outperformance (Leather & Select Categories)
Leather Goods & Saddlery grew +13%; Clothes & Accessories +6%; Silk & Textiles +5%; Other divisions (including Jewellery and Home) +11%, driven by product desirability and ramped production capacity.
Profitability and Margins
Recurring operating income reached EUR 6.6 billion (+7% year-over-year). Gross margin improved to 71.1% (from 70.3% in 2024). Recurring operating profitability rose by 0.5 percentage points to 41% in 2025.
Net Income, Cash Flow and Balance Sheet Strength
Net income group share of about EUR 4.5 billion (c. +5–5.5% year-over-year). Business/operating cash flow up ~11%; operating cash flow EUR 5.6 billion; adjusted free cash flow EUR 3.9 billion. Restated net cash position increased by ~EUR 700 million to EUR 12.8 billion; cash represents >50% of assets.
Significant Operational Investment and Capacity Expansion
Operational investments totaled EUR 1.2 billion (2025), including EUR 769 million for strategic retail locations, EUR 226 million to reinforce production capacity (new leather workshops and other ateliers), and EUR 166 million for real estate, digital and systems. Inaugurated 24th leather workshop (L'Isle-d'Espagnac) and announced further workshops and openings through 2030.
Job Creation, Employee Compensation and CSR Recognition
Hermès onboarded ~1,300 new employees in 2025 (60% in France); over 3 years this represents ~6,200 jobs. Group paid EUR 328 million to employees (bonuses/incentives/profit-sharing) and a EUR 3,000 bonus to each of ~26,000 employees. Significant emission reductions vs 2018: Scope 1 & 2 absolute emissions -69%; Scope 3 intensity -58%. Recognition: CDP A List, improved Sustainalytics rating and a Transparency Award.
Retail & Brand Development
Continued selective retail expansion and renovation (new stores in Scottsdale and Nashville; major projects in Florence, Knokke, Macau, Changsha; planned flagship openings including New Bond Street, Beijing, Geneva). Strong creative momentum in product launches and cultural initiatives driving brand engagement.
Dividend Policy
Ordinary dividend proposed at EUR 18 per share (39% payout excluding the exceptional French contribution); interim dividend schedule maintained and EUR 2.8 billion of dividends paid in the year.
FR:RMS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FR:RMS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | €2115.06 | €2168.94 | +2.55% |
Jul 30, 2025 | €2372.46 | €2264.71 | -4.54% |
Feb 14, 2025 | €2780.23 | €2802.94 | +0.82% |
Jul 25, 2024 | €2013.10 | €1981.51 | -1.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hermes International (FR:RMS) report earnings?
Hermes International (FR:RMS) is schdueled to report earning on Jul 24, 2026, Before Open (Confirmed).
What is Hermes International (FR:RMS) earnings time?
Hermes International (FR:RMS) earnings time is at Jul 24, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Hermes International stock?
The P/E ratio of Hermes International is N/A.
What is FR:RMS EPS forecast?
Currently, no data Available