Luxury brands owner Richemont sees strong earnings despite China weakness
Richemont reported strong quarterly results, driven by festival sales, despite ongoing weak demand in China. The robust earnings lifted rival share prices, buoying the European luxury sector on Thursday.
Richemont’s Surprise Revenue Gain Lifts Luxury Stocks, Offering Hope to Brand Owners, Investors
Richemont outstripped expectations with a 10 percent jump in revenue during the key holiday quarter, offering hope that luxury's slump might be coming to an end.
Richemont’s Strong Sales Growth and Brand Performance Justify Buy Rating
Rogerio Fujimori, an analyst from Stifel Nicolaus, maintained the Buy rating on Compagnie Financiere Richemont SA (CFR – Research Report). The
Cartier owner Richemont’s sales surge fuels hopes of luxury turnaround
Richemont , the owner of Cartier jewellery, on Thursday fuelled hopes of a revival for the beaten down luxury goods industry, with end-of-year sales that exceeded expectations, sending shares higher across the sector.
Cartier owner Richemont shines with better-than-expected sales as poor China demand offset by rest of the world
Cartier owner Richemont reported record quarterly sales on Thursday, beating expectations as a slump in key market China was offset by robust demand in other regions. The group said sales reached €6.2 billion ($6.
Richemont Sales Bounce 10% in Q3, With Strong Gains Worldwide, Except China
Sales rocketed 22 percent in the Americas region, while in Mainland China, Hong Kong and Macau they were down 18 percent in the three months to Dec. 31.
European Stocks Gain as Richemont’s Sales Jump Lifts Luxury
European stocks rose to the highest level in over a month on Thursday, lifted by the luxury and technology sectors as a double-digit jump in Richemont’s sales and an upbeat outlook by Taiwan Semiconductor Manufacturing Co.
Cartier owner Richemont posts 10% jump in Q3 sales
Richemont , the owner of Cartier jewellery, beat market expectations for third-quarter sales, it said on Thursday, in a positive sign for the high-end of the luxury sector over the all-important holiday season.
Richemont Q3 Sales Climb, Despite Weak China Sales
Compagnie Financiere Richemont AG (CFRUY.PK), a Swiss luxury goods company,reported Thursday that its total sales for the third
Richemont Rises And Signet Falls As Jewelry Market Splinters Between True And Accessible Luxury
Richemont delivered stunning holiday quarter performance with luxury jewelry sales up 14%, while Signet reported holiday ...
Richemont stock is surging by the most ever. Other luxury plays are jumping too.
The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales ...
Luxury stocks soar as Richemont sparks rally and hopes of sector turnaround
Luxury goods stocks jumped on following Cartier-owner Richemont a surge in sales, prompting hopes of a turnaround for the ...
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Richemont sales rise 10% in Q3
The Swiss luxury conglomerate starts the year on a high note by reporting a strong sales beat, signalling signs of life for ...
Richemont Expected to Benefit From Jewelry Heavyweight Brands -- Earnings Preview
SALES FORECAST: The owner of Cartier and Van Cleef & Arpels should report sales of 5.63 billion euros ($5.80 billion) for the quarter ended Dec. 31, according to a poll of estimates by 13 analysts ...
Luxury stocks boom as Richemont kicks off reporting season with a bang
Richemont's report indicated that the luxury market may finally be recovering from a slowdown that has lasted nearly two ...
European luxury stocks jump after Richemont smashes expectations
European luxury shares soared on Thursday as Cartier owner Richemont's third-quarter sales beat revived optimism for the ...
Sales sparkle at Richemont, shares soar
Shares in Richemont soared on Thursday, after third-quarter sales at the luxury goods giant smashed expectations.