Market expectations point toward a rise from the 3.88 billion euros reported during the same period last year. Despite these figures, the company’s stock has endured a difficult year, sliding 40% over the last twelve months. While RBC Capital Markets highlights steady performance in the Americas as a potential buffer, experts warn that a significant rebound in the second half remains unlikely given the challenging economic climate.

Investors remain particularly focused on the Asia-Pacific region, excluding Japan, where signs of weakness are beginning to emerge. Recent reports from competitors like LVMH suggest that soft demand in China is impacting core fashion and leather goods divisions across the industry. Although Hermes has historically outperformed its peers, analysts from Bernstein and UBS indicate that no player is entirely immune to current geopolitical pressures and the delayed recovery of luxury spending.