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Hermes International (OTC:HESAF) Stock, Option Chain

Hermes is a 180-year-old family controlled luxury goods company best known for its Birkin and Kelly bags. Its biggest segments are leather goods and saddlery, accounting for around 40% of revenue; clothes and accessories (29% of sales); silk and textiles (7%); and other products such as perfumes, watches, jewellery, and home furnishings. Hermes has around 300 stores globally.

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French stocks mixed as left-wing victory in legislative elections brings uncertainty over wealth taxation. Luxury sector takes a hit.

French Luxury Stocks Fall As Tax Concerns Rise After Left-Wing Election Upset: &#39;A Left Government Might Pose Challenges For Billionaire Owners&#39;

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The luxury goods industry is preparing for a substantial decline in sales, attributed to China&#39;s subdued demand and challenging comparisons with the sales spike following the COVID-19 pandemic last year.

Prada, Gucci, Louis Vuitton Brace For Sales Slump As China&#39;s Economic Turbulence Hits Luxury Market

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	Hermès International SA (OTC: HESAF) reported fourth-quarter FY22 revenue of €2.99 billion, an increase of 26% at current exchange rates and 23% at constant exchange rates.


French Luxury Goods Label Hermes Posts 23% Revenue Growth in Q4

HERMES INTL SA by Hermes International SA

Hermes International SA

French stocks experienced a mixed trading session Monday as investors assessed the implications of an unexpected left-wing victory in Sunday's second <a href="https://www.benzinga.com/news/24/07/39657677/french-elections-take-a-surprising-turn-as-left-poised-for-victory-what-does-that-mean-for-the-marke">round of legislative elections.</a>
At 8:30 a.m. ET, the CAC 40 index, which tracks the forty largest companies in France by market capitalization, was trading near flat, erasing earlier gains. Despite the index&#8217;s stability, the French luxury sector took a hit. 
Three of the sector&#8217;s largest companies each traded in negative territory as market sentiment weakened over concerns of increased wealth taxation following the left&#8217;s win.
<ul>
<li>Hermes International SA (OTCPK: HESAF) down 0.7%</li>
<li>LVMH – Moët Hennessy Louis Vuitton (OTCPK: LVMUY) down 1.6% </li>
<li>Kering SA (OTCPK: PPRUY) down 2% </li>
</ul>
What Happened: The left-wing New Popular Front coalition (NPF)—comprising the far-left France Unbowed, the Socialists, and the Greens—secured the most seats, with 188. This outcome defied expectations, given that President Emmanuel Macron&#8216;s centrist group, Ensemble, won 161 seats, and the National Rally (RN) claimed third place with 142 seats. 
In an effort to avoid three-way run-offs, centrist and leftist parties had earlier agreed to withdraw 221 candidates after the RN emerged as the leading party in the first round. This strategic move included 83 candidates from Macron's camp and 132 from the NPF.
While the risk of a far-right government has been averted, the left-wing's relative majority introduces new uncertainties. With no political group holding an absolute majority, a political gridlock looms. 
The left, having gained most seats, might be called upon to form a new minority government, likely seeking alliances with centrist and other political forces.
However, in response to the election results, President Macron rejected Prime Minister Gabriel Attal's resignation, asking him to stay in office temporarily to ensure the country&#8217;s stability.
Also Read: <a href="https://www.benzinga.com/news/24/07/39658887/boeing-strikes-plea-deal-with-doj-for-defrauding-us-regulator-over-737-max-safety-victims-lawyer-cal">Boeing Strikes Plea Deal With DOJ For Defrauding US Regulator Over 737 MAX Safety: Victims&#8217; Lawyer Calls It &#8216;Deceptive And Generous…Not In Public Interest&#8217;</a>
Why It Matters: Jean-Luc Mélenchon, the leader of the left-wing faction, is a controversial figure known for his anti-euro and anti-NATO stance. Admiring former Venezuelan leader Hugo Chavez and Cuba's Fidel Castro, Mélenchon is an advocate for wealth redistribution—an ideology that makes Wall Street uneasy.
The NPF aims for a radical shift from Macron&#8217;s neoliberal policies, focusing on enhancing the welfare state and redistributing economic resources to the working and middle classes. Their key proposals include raising the minimum wage to 1,600 euros per month, abolishing Macron&#8217;s retirement age increase, reintroducing a wealth tax on large fortunes, imposing fiscal measures to tax the super-profits of large companies, and halting the shipment of French arms to Ukraine.
These economic measures could substantially increase the burden on French spending, adding further strain to an already troubled government budget. Last year, Paris ran a budget deficit of 5.5% and once again saw its debt-to-GDP ratio exceed 110%.
The European Union has placed France, along with other highly indebted nations, under an excessive deficit procedure. This requires active dialogue with the government to find solutions for alleviating the stress on public finances.
Expert Ideas: Maurits Pot, CEO of Tema ETFs, shared his insights with Benzinga: 
"Short-term interest in listed French luxury companies could be more subdued as markets digest whether the prime targets of a left government become French luxury tycoons." 
He further noted, "We are less concerned about actual luxury demand since, for most French luxury companies, France represents a fraction of overall sales. We hold French equities in our Luxury fund – TEMA Luxury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUX#NYSE">LUX</a>) – including major groups like LVMH and Remy. While a left government might pose challenges for billionaire owners, shareholder affairs rarely impact the companies they own,&#8221; he stated. 
Now Read:
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<li><a href="EXCLUSIVE: GLP-1 Weight-Loss Drugs Could Become A Trillion-Dollar Market, Predicts Tema ETFs CEO"> </a><a href="EXCLUSIVE: GLP-1 Weight-Loss Drugs Could Become A Trillion-Dollar Market, Predicts Tema ETFs CEO">EXCLUSIVE: GLP-1 Weight-Loss Drugs Could Become A Trillion-Dollar Market, Predicts Tema ETFs CEO</a></li>
</ul>

French Luxury Stocks Fall As Tax Concerns Rise After Left-Wing Election Upset: 'A Left Government Might Pose Challenges For Billionaire Owners'

The luxury goods industry is preparing for a substantial decline in sales, attributed to China&#8217;s subdued demand and challenging comparisons with the sales spike following the COVID-19 pandemic last year.
What Happened: Investors are bracing for a sharp fall in sales as luxury brands reveal their Q1 results. The anticipated decline is linked to weak demand from China, and Reuters reported that compared with last year, when COVID-19 restrictions were lifted in mainland China, a sales surge was resulting.
LVMH Moet Hennessy Louis (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>), the world&#8217;s largest luxury conglomerate, will be the first to announce results on Apr. 16, followed by competitors Kering (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PPRUF#OTC">PPRUF</a>), Prada (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PRDSY#OTC">PRDSY</a>), and Hermes International (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HESAF#OTC">HESAF</a>) a week later. Burberry Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BURBY#OTC">BURBY</a>) and Compagnie Financière Richemont SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CFRUY#OTC">CFRUY</a>) will report in May.
See Also: <a href="EXCLUSIVE: 'China's Stock Market Has Bottomed, Indicating A Potentially Rare Opportunity,' Says Investment Strategist">EXCLUSIVE: &#8216;China&#8217;s Stock Market Has Bottomed, Indicating A Potentially Rare Opportunity,&#8217; Says Investment</a>
A surprise warning from Kering last month that Q1 sales would be down by 10% rather than the expected 3% has already cast a pall over the reporting season. The group attributed the sales slump in Asia to its star label, Gucci. This underperformance has sparked worries that other luxury fashion labels might struggle in China.
&#8220;We&#8217;ve got a lasting crisis and we don&#8217;t know where things are heading,&#8221; said Olivier Abtan, a consultant with AlixPartners. He characterized the slump as unparalleled, stating that &#8220;all growth engines have been off for a number of quarters.&#8221;
HSBC analysts have also observed that Chinese tourists in Hong Kong, Macau, and Singapore appear to be spending less. This uncertainty impacts the valuation of companies like Kering, which is trailing its competitors.
Why It Matters: The luxury sector&#8217;s outlook is clouded by geopolitical tensions and economic uncertainties in China. The U.S. Treasury Secretary, Janet Yellen, recently warned <a href="https://www.benzinga.com/news/24/04/38138081/janet-yellen-threatens-beijing-with-us-sanctions-standing-in-mainland-china-if-they-assist-russia-in">Chinese banks and exporters</a> against aiding Russia's military capacity, citing potential sanctions. This development could further dampen China&#8217;s economic prospects and impact the luxury sector.
Furthermore, <a href="https://www.benzinga.com/news/24/04/38135736/biden-set-to-warn-beijing-as-china-philippines-feud-over-world-war-2-era-ship-in-south-china-sea-und">tensions are escalating</a> in the South China Sea, with President Joe Biden expected to express serious concerns over China's increasing activities in the region. These geopolitical issues, coupled with the ongoing economic challenges, are likely to impact further consumer sentiment and spending in China, a key market for luxury brands.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38131596/yellen-warns-china-hands-off-russias-war-efforts-in-ukraine-or-face-significant-consequences?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Yellen Warns China: Hands Off Russia&#8217;s War Efforts In Ukraine Or Face &#8216;Significant Consequences&#8217;</a>
Image Via Shutterstock 
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Prada, Gucci, Louis Vuitton Brace For Sales Slump As China's Economic Turbulence Hits Luxury Market

<ul>
<li>Herm&egrave;s International SA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hesaf#OTC">HESAF</a>) reported fourth-quarter FY22 <a href="https://finance.hermes.com/en/">revenue </a>of &euro;2.99 billion, an increase of 26% at current exchange rates and 23% at constant exchange rates.</li>
<li>Ready-to-wear and accessories led the revenue growth by garnering a 29.7% jump, followed by a 25.3% increase in Leather Goods and Saddlery, at constant exchange rates.</li>
<li>The company said it created 2,100 new jobs in FY22.</li>
<li>At the General Meeting to be held on April 20, 2023, the company plans to make a dividend proposal of &euro;13.00 per share.</li>
<li>The &euro;3.50 interim dividend, paid on February 22, 2023, will be deducted from the dividend approved by the General Meeting.</li>
<li>Herm&egrave;s posts a 38% increase in net profit for FY22 to &euro;3.4 billion.</li>
<li>Outlook:&nbsp;In the medium term, despite the economic, geopolitical and monetary uncertainties around the world, the group confirms an ambitious goal for revenue growth at constant exchange rates.</li>
<li>&quot;In 2022, Herm&egrave;s had an exceptional year thanks notably to the good performance of its international markets,&quot; said Executive Chairman Axel Dumas.</li>
<li>Price Action: HESAF shares closed higher by 0.13% at $1,844.40 on Thursday.</li>
<li>Photo Via Company</li>
</ul>

Apple Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/appl#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">APPL</a>) is planning the launch of an Apple Watch with a rugged casing targeted at athletes, hikers, and others in more extreme environments,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-03-26/apple-considers-launching-rugged-watch-for-extreme-sports?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.
<ul>
<li>The company had internally discussed introducing such a Watch variation later in 2021 or 2022 at the earliest.</li>
<li>Bloomberg notes this is Apple&rsquo;s second attempt at a rugged smartwatch after the 2015 debut of the popular Apple Watch. Apple has added several sports and activity-tracking features via its annual update cycle.</li>
<li>Casio Computer Co Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/csiof#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CSIOF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/csioy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CSIOY</a>) and other watchmakers have witnessed robust sales from sturdier product designs with extra protection.&nbsp;</li>
<li>The rugged version would be similar to Apple&rsquo;s cheaper Apple Watch SE and special editions co-branded with&nbsp;Nike Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nke#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NKE</a>) and&nbsp;Hermes International SA&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/hesaf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HESAF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/hesay#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HESAY</a>). It would have extra impact-resistance and protection akin to Casio&rsquo;s G-Shock watches.</li>
<li>Apple is also developing new swim-tracking features for the Apple Watch. The company rolled out the cheaper Apple Watch SE and faster processor and blood oxygen sensor with the Apple Watch Series 6 last September.</li>
<li>The device would be a part of the company&rsquo;s wearables, home, and accessories segment, which generated over $30 billion in FY20 sales. Reportedly, Apple owns a 40% smartwatch market share in the fourth quarter of 2020.</li>
<li>Price action:&nbsp;AAPL shares traded lower by 0.24% at $120.30 in the premarket session on the last check Friday.</li>
</ul>

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Apple Plans New Watch For Extreme Sports Environment: Bloomberg

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