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Birkin bag maker Hermes said it will raise prices this year after sales jumped 17.5% in the fourth quarter of 2023, demonstrating the resilience of high end shoppers despite economic headwinds. Sales for the three months to the end of September totaled 3.36 billion euros ($3.62 billion), up 17.5% at constant foreign exchange rates. That was ahead of expectations for 14% growth, according to Visible Alpha consensus estimates.
By Andrea Figueras Hermes International said that it moves into 2024 with confidence after the Birkin owner posted revenue growth for 2023 in all geographical areas. The French...
PARIS: Hermes’, opens new tab shares rose to a record high on Friday after the Birkin bag maker again outpaced its...
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Coca-Cola Co. is projected to post a 10% jump in net income and a 7% gain in revenue, with Latin American growth continuing to surge.
Media conglomerate News Corp beat Wall Street estimates for second-quarter revenue on Wednesday (Feb 7), driven by growth in business information unit Dow Jones, digital real estate services and a rebound in its book publishing unit. Shares of the company rose more than 3 per cent in after-market trading.