Luxury brands owner Richemont sees strong earnings

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.
Cartier Owner Richemont’s Sales Beat Buoys Luxury Stocks
Richemont reported better-than-expected quarterly sales, triggering a rally in luxury stocks, after its core jewelry division bucked a downturn in demand for high-end goods.
Cartier-owner Richemont beats expectations as jewellery sales boom
Swiss luxury group Richemont sparked a surge in luxury stocks on Thursday as it reported stronger than expected sales in the final three months of 2024, boosted by demand in the US for its Cartier and Van Cleef & Arpels brands.
Shares of Cartier owner Richemont jump 16% as sales rise in December quarter
Cartier owner Richemont on Thursday reported a 10% increase in third quarter sales even as China demand weighed.
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 compiled by Visible Alpha. In the prior-year period, the company booked sales of 5.59 billion euros.
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.
Cartier Owner Richemont’s Sales Jump in Sign of Luxury Rebound
Richemont sales unexpectedly jumped by double digits during the holiday shopping season as consumers splurged on Cartier jewelry, a sign of recovering demand for luxury goods.
Cartier owner Richemont sales surge shows strength of top end luxury
Richemont, the owner of Cartier jewellery, beat market expectations for third-quarter sales on Thursday, fuelling hopes that the luxury sector could be coming out of its recent downturn. The Swiss company's sales jumped 10% year-on-year to 6.
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 ...
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Richemont’s sales jump as wealthy buy jewellery
Richemont and other luxury firms had been facing cooler demand for high-end goods after years of aggressive price increases, ...
Richemont posts record Q3 sales, led by jewelry division
The luxury firm saw a 10% uptick in the quarter, with fashion and accessories also showing double-digit growth.
Europe markets close higher; Richemont up 16% on quarterly results, boosting luxury sector
Luxury sector bellwether Richemont jumped 16% after reporting a better-than-expected 10% increase in fiscal third-quarter ...