Paris, Feb 7, 2026, 21:52 CET — Market closed
- Hermès ended Friday at €2,055, ticking up 0.3%.
- Hermès, the luxury house behind the Birkin bag, is set to report its 2025 full-year results on Feb. 12.
- Demand signals, currency moves, and the broader European earnings slate are all in focus for investors.
Hermès International (HRMS.PA) finished Friday at 2,055 euros, a gain of 0.29%. For the week, the shares have picked up 1.28%. Since the year began, though, the stock sits 3.16% lower. 1
Paris markets are closed until Monday, so attention shifts to the upcoming week’s company reports. Investors will be watching closely, trying to gauge just how well consumer-facing exporters are holding up amid the ever-changing trade headlines.
European firms, on average, are now looking at a 3.1% decline in fourth-quarter earnings, according to the latest LSEG I/B/E/S forecasts—slightly less negative than last week’s figure. Investors are eyeing next week’s numbers from names like Hermès, EssilorLuxottica and L’Oreal for clues on demand and the broader trade picture. 2
Hermès will report its 2025 annual results on Feb. 12, the company’s investor site shows, with a webcast presentation planned for 09:00 Paris time. 3
The CAC 40 added 0.43% by Friday’s close, lifted by industrials and basic materials, even as heavy losses hit other sectors. Stellantis plunged over 25% during the session. 4
Luxury brands with global sales and euro-based reporting are keeping one eye on rates and the euro, even as both hover in the backdrop. The European Central Bank stuck with its 2% rate this Thursday. “The ECB downplayed concerns about the euro’s recent strength against the dollar,” according to Kiran Ganesh, multi-asset strategist at UBS Global Wealth Management. 5
ECB policymaker Martin Kocher, speaking the next day, framed the currency shift as mostly about the dollar. “We see a weakness of the dollar,” he said to reporters. 6
U.S. consumer sentiment hit a six-month high in early February, according to a University of Michigan survey, boosted mainly by wealthier households holding sizable stock portfolios. Nationwide’s Oren Klachkin noted, “We may have seen the trough in consumer sentiment,” though he cautioned a strong recovery isn’t on the cards yet. 7
Hermès shareholders are zeroed in on just how much momentum the company can sustain through year-end, and what management might reveal about 2026. Traders are tracking sales at constant exchange rates — a metric that cuts out currency fluctuations — and tuning in for any hints on pricing, supply, and demand, especially in Asia and the U.S.
Still, that pre-results quiet can unravel quickly. Any hint of caution, flagging demand in a major market, or a currency hit shrinking reported growth—and suddenly the broader luxury slowdown argument is back in play for the stock.
The next big test arrives Thursday, Feb. 12, with annual results and management’s latest commentary. Investors want to see whether the brand’s pricing muscle is still carrying the story, especially while currencies and consumer sentiment remain choppy.
