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Cartier-owner Richemont quarterly sales beat estimates

On Friday, Cartier-owner Richemont reported a 13% quarterly sales increase to €6 billion, driven by continued jewelry demand and robust growth in the US and Japan.
The Swiss-based company bucked struggling luxury industry trends by relying on jewelry brands, which account for about 75% of total revenues, including Cartier, Buccellati, Van Cleef, Arpels, and Vhernier.
Jewelry Maisons saw sales rise 14% to €4.4 billion, while specialty watchmakers including IWC, Jaeger-LeCoultre, and Piaget grew 12%.
Richemont CEO Nicolas Bos noted strong demand for Alhambra, Clash, and Love collections, while Chairman Johann Rupert credited "operational discipline" for results.
Profit for the six-month period rose 39% to 2.5 billion euros, while competitors including LVMH, Kering, Prada, Burberry, Moncler, and Zegna have seen slowing momentum.

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Reuters

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Cartier-owner Richemont quarterly sales beat estimates as jewellery demand persists

2 hours ago·London, United Kingdom

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Reformatorisch Dagblad

+2 Reposted by 2 other sources

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Luxury Brand Owner Cartier Sells More Jewelry and Watches

The Swiss luxury group Richemont, with high-end brands such as Cartier and Chloé, has earned more from its jewelry and watches over the past two quarters. The company is benefiting from the continued demand for jewelry from Cartier and Van Cleef & Arpels.

2 hours ago·Apeldoorn, Netherlands (Kingdom of the)

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Vogue

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Richemont’s Jewelry Sales Rise 14%

Jewelry sales at Cartier’s parent company decelerated in fiscal Q2, after surging 24% in Q1.

2 hours ago·New York, United States

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Seeking Alpha

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Compagnie Financière Richemont SA GAAP EPS of €4.29, revenue of €12.28B

Compagnie Financière Richemont reports first-half revenue of $12.28B, up 15.6% year over year, and GAAP EPS of $4.29.

2 hours ago·Ra'anana, Israel

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RTÉ

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Cartier-owner Richemont quarterly sales beat estimates

Cartier-owner Richemont has today reported a faster-than expected quarterly sales increase, helped by continued demand for its jewellery and bumper growth in the US and Japan.

3 hours ago·Ireland

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WWD

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Richemont Sales Climb 16% in H1 With All Regions, Except for the Middle East, Showing Robust Growth

At constant exchange rates, Richemont sales were up 17 percent to 12.3 billion euros with all regions, except for the Middle East, growing in the double-digits.

4 hours ago·New York, United States

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