Thanks! Super informative metrics
Did not read the details but saw the headlines. Since profit is up, I'm assuming demand is still great and even less chance for me to get a k or b or any handbag at retail store. 🤔(not clicking) It's bizarre to me that there's a shopping public (vs. shareholders) who might care about, let alone read, a retailer's revenue report.
Thank you ! Quite interesting. I read that second tier, big brand, luxury retail (kering group, YSL, Gucci) did not do nearly as well which is why the recommend on stock price was still neutral, not full out buy. It makes me think that top tier like this will continue to weather economic ups and downs. (This is not my wheelhouse) so if I have inadvertently made erroneous statements, pls feel free to correct lol
Q4 is a holiday quarter for many locales. My preference is to look at TTM in financial statements vs. purely quarters as it gives a much smoother view.Anyone compare fourth quarter 2023 to first quarter 2024 because to me that’s what’s interesting. That q1 report compared q1 2023 and 2024. When you look at revenues for the Americas there looks to be a sizable drop from last year q4 to q1 this year. China is up but first quarter consisted of lunar new year and singles day. I saw reports that Chinese consumers returned about 70% of luxury items in first quarter. I’m guessing this primarily didn’t include Hermes (why? Probably some of it has to do with fear of losing a qb; perhaps they resell instead!) but it is telling about economic conditions there. If I’m recalling correctly during the press release there was mention that there are economic headwinds that may impact the rest of this year for h. I do think h is benefitting from the very wealthy continuing to spend. I also think most foot traffic is not the super wealthy and the lower end aspirationals while still buying have slowed down their spend. If you look at the beauty category the spend was up there which is what normally happens when the economy isn’t so hot but down in watches. That to me signals a slight slowdown in qb chasers. h bags prices in the second hand market have dropped significantly since their height. In fb reseller groups I am even seeing Lindy bolide tpm etc brand new going for close to retail. I think it’s also interesting that notwithstanding the 8% price increase there was such a drop from q4 to q1. But hey what do I know I’m no economist. And as to impact as a non shareholder I’m interested because a decrease in revenue means lower the demand which means better hopes of grabbing a couple bags I’ve been after off the website. I did notice leather goods revenue was up significantly so the brand must have been really churning out those tpm and herbags this year. The brand is really the it brand rn. The TPM is like the new lv neverfull. Also lower revenue also translates possibly to better service. Sa’s more willing to hunt for something for you. Respond more timely with request or actually respond.
True. In the U.S. q4 is when Americans go all out with spending given the holidays. Typically q1 tends to be slow because of all the overspending from previous quarter but I don’t think I’ve seen it drop this much. Could be wrong. Second quarter may pickup in the us with people spending tax refunds but I hear they’re smaller this year and likely people are still paying down debt with refunds.Q4 is a holiday quarter for many locales. My preference is to look at TTM in financial statements vs. purely quarters as it gives a much smoother view.
No refunds. Just saying.Anyone compare fourth quarter 2023 to first quarter 2024 because to me that’s what’s interesting. That q1 report compared q1 2023 and 2024. When you look at revenues for the Americas there looks to be a sizable drop from last year q4 to q1 this year. China is up but first quarter consisted of lunar new year and singles day. I saw reports that Chinese consumers returned about 70% of luxury items in first quarter. I’m guessing this primarily didn’t include Hermes (why? Probably some of it has to do with fear of losing a qb; perhaps they resell instead!) but it is telling about economic conditions there. If I’m recalling correctly during the press release there was mention that there are economic headwinds that may impact the rest of this year for h. I do think h is benefitting from the very wealthy continuing to spend. I also think most foot traffic is not the super wealthy and the lower end aspirationals while still buying have slowed down their spend. If you look at the beauty category the spend was up there which is what normally happens when the economy isn’t so hot but down in watches. That to me signals a slight slowdown in qb chasers. h bags prices in the second hand market have dropped significantly since their height. In fb reseller groups I am even seeing Lindy bolide tpm etc brand new going for close to retail. I think it’s also interesting that notwithstanding the 8% price increase there was such a drop from q4 to q1. But hey what do I know I’m no economist. And as to impact as a non shareholder I’m interested because a decrease in revenue means lower the demand which means better hopes of grabbing a couple bags I’ve been after off the website. I did notice leather goods revenue was up significantly so the brand must have been really churning out those tpm and herbags this year. The brand is really the it brand rn. The TPM is like the new lv neverfull. Also lower revenue also translates possibly to better service. Sa’s more willing to hunt for something for you. Respond more timely with request or actually respond.
In mainland China Hermes doesn’t allow refunds? Interesting! In Hong Kong they allow refunds for website purchases.No refunds. Just saying.