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.
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.
Cartier Owner Richemont’s Sales Beat Buoys Luxury Stocks
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.
Cartier owner Richemont sales rise 10% in December quarter despite ongoing China weakness
Cartier owner Richemont on Thursday reported a 10% increase in third quarter sales even as China demand weighed.
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 battered sector.
European Luxury Stocks Rise After Cartier Owner Richemont Beats Expectations
Shares in European luxury companies rose after the Swiss luxury group reported sales that surpassed analysts’ projections, providing some relief at a time when the sector contends with sliding demand.
Luxury stocks leap on Richemont's robust holiday sales
Shares of top luxury goods companies soared in European trading today, following a robust end-of-year sales report from Richemont (SIX:CFR), which owns the prestigious Cartier brand. The positive sales data has sparked optimism for a broader recovery in the luxury sector,
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.
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,
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: Supportive Holiday Sales, Now A Pricey Valuation (Rating Downgrade)
Richemont's Q3 results exceeded expectations with €6.15 billion in sales, driven by strong performance in the Jewellery ...
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 ...
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Richemont Group Turnover in Sharp Growth: Jewelry the Best Performance. Japan the New Eldorado of Luxury
The crisis of the Chinese market does not stop luxury, which, having understood that it must necessarily meet other markets, ...
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.
Kepler Capital Keeps Their Buy Rating on Compagnie Financiere Richemont SA (CFR)
Kepler Capital analyst Jon Cox maintained a Buy rating on Compagnie Financiere Richemont SA (CFR – Research Report) on January 16 and set a ...
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 ...