Hermès has reported revenues for the third quarter of FY23 that once again exceeded expectations. All regions performed better than expected, with revenue growth significantly above consensus in the Americas and Europe. Hermes has so far not observed any change in the prevailing trend at a time when its industry peers are experiencing a slowdown. However, Hermès is maintaining a cautious stance for FY23 due to the uncertain geopolitical context and a tougher comparison base in the fourth quart ....