Hermès Shares Plunge 10% to a Three-Year Low Following Q1 Results
On Wednesday, Hermès International experienced a sharp decline during the trading session, with its shares dropping over 10% following the announcement of its quarterly revenue. The stock broke through the symbolic threshold of 1,600 euros, a level not seen since early 2023. The Parisian luxury house has now seen a decline of more than 31% over the past year.
The stock market punishment came right after this morning's publication of the first quarter 2026 revenue. Although Hermès reported a 6% organic growth at constant exchange rates, the group saw 290 million euros wiped out due to unfavorable exchange rate effects, bringing the consolidated revenue down to 4.1 billion euros. This discrepancy between actual commercial dynamics and accounting translation has heavily impacted the market's reaction. The shares fell by 10.18% to 1,601.50 euros, after closing at 1,783 euros the previous day. During the session, the stock hit a low at 1,595 euros, thus marking its three-year low reached earlier in 2023 in a context of rapidly rising interest rates. Over three months, the cumulative decline now stands at 28.5%. The regional breakdown published by the group also reveals significant geographical disparities, with some areas experiencing a noticeable decline in activity. The general meeting of shareholders, scheduled for April 17, will take place just two days after this tense announcement.
Technical Analysis of Hermès Stock Performance
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
From a technical standpoint, Hermès' stock price is now in the lower part of its Bollinger Bands, only 17% above the lower limit set at 1,545.40 euros, indicating a potential oversold zone. The stock is also significantly below its 50-day moving average (1,898.31 euros), confirming the bearish trend that has been in place for several weeks. The nearest technical support, located at 1,609 euros, was briefly breached this morning. Resistance is at 1,967 euros, more than 22% above the current price. This marked correction occurs in a fragile sectorial context: during the session, LVMH is down by 1.17% and L'Oréal by 0.65%. The CAC 40 is also down by 0.63% mid-morning. However, the drop in Hermès' shares is significantly greater than that of its luxury peers, highlighting the market's specific reaction to the group's quarterly publication. The upcoming financial deadlines – half-year results on July 29, third-quarter revenue on October 22 – will be crucial milestones for the trajectory of the stock.
Le modèle Hermès, fondé sur une distribution exclusive et qualitative, a une nouvelle fois porté ses fruits. Hermès aborde l’année 2026 avec confiance.
Résultats annuels 2025 solides: chiffre d’affaires de 16 002 millions d’euros, croissance à taux constants de 8,9 % et croissance à taux courants de 5,5 %. Résultat opérationnel courant de 6 569 millions d’euros (41,0 % du chiffre d’affaires) et résultat net de 4 524 millions d’euros. Cash flow disponible ajusté de 3 880 millions d’euros; trésorerie nette retraitée à 12 773 millions d’euros. Propositions de dividendes et actions nouvelles pour 2026, avec un accent sur le développement et l’emploi.
Outlook / guidance
Expected revenue: Le chiffre d’affaires 2026 est attendu en progression à taux constants sans chiffre précis communiqué.
Expected EBITDA: Non précisé dans le communiqué.
Expected net income: Non précisé dans le communiqué.
Management commentary: Perspectives positives pour 2026, grâce au modèle d’entreprise intégré et à la fidélité de la clientèle, malgré un contexte économique et géopolitique incertain.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
