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.
Richemont Sales Soar in Early Sign of Luxury Recovery
Richemont sales unexpectedly jumped by a double-digit percentage during the holiday shopping season as consumers splurged on Cartier jewelry, lifting shares across the luxury-goods sector on hopes of a rebound.
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 as it blew by analyst estimates.
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.
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.
Luxury Stocks Jump on Strong Sales Update From Cartier Owner Richemont
European luxury stocks surged after Richemont, the company behind Cartier, Piaget and Van Cleef & Arpels, reported a "very solid end" to 2024, with quarterly sales surging to a record. Shares in Dior,
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 smashes expectations as jewellery sales boom
Revenues from jewellery, the core of Richemont ’s business and its biggest division, reached €4.5bn, a 14 per cent like-for-like increase on the same period a year earlier and beating analyst expectations.
Cartier Owner Richemont Posts Highest Ever Quarterly Sales Despite Luxury Downturn
Richemont reported better-than-expected sales, up 10% compared with the prior-year period, in the midst of a downward trend in demand for luxury goods that is weighing on most high-end brands.
Luxury stocks rally globally amid signs of recovery in demand
Watches of Switzerland and Burberry’s share prices climbed after Cartier-owner Richemont posted booming sales.
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’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 ...
Heard on the Street: Luxury Investors Press ‘Buy Now’ Too Early After Richemont Earnings
American shoppers seem to be snapping up luxury again, but investors should still shop carefully. [European luxury stocks rose]( ...
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 ...
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.
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 ...
Richemont Sales Surge 10% Triggering Boost for LVMH and Hermès Shares
The owner of Cartier, Piaget, Chloe and Montblanc saw an uptick in US and European sales, as well as smaller declines in ...