Citigroup: Herms starts 2026 weakly

Thomas Chauvet and Alberto Cecchetto of Citigroup stated that Herms seems to have a slow start this year, which could put pressure on its stock price. The French luxury goods company reported revenue of 4.07 billion euros in the first quarter, a year-on-year increase of 5.6% excluding exchange rate changes. This performance is below the average expectations of Visible Alpha. These analysts stated in a research report that the pattern of the first quarter is consistent with that of 2025, when a sluggish start in the first three months was followed by accelerating growth in subsequent quarters. Citigroup expects the stock price to react negatively, and the average expectations for sales and EBIT will be lowered to low to mid-single digits percentage. Citigroup stated that despite this, "the company is positioned favorably in 2026." The stock closed at 1,783 euros on Tuesday.