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Richemont, Cartier
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.
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.
17h
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 ...
1d
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 ...
2d
on MSN
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 ...
2d
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 ...
2d
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 ...
2d
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 ...
2d
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.
2d
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 ...
1d
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 ...
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Related topics
luxury stocks
Cartier
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