Richemont Jewelry Sales Rise 14%, Below Consensus, Bernstein Says
Richemont’s jewelry sales rose 14% in fiscal Q2, below consensus estimates. Bernstein analysts called the performance excellent relative to some rivals. The body also reports watch-segment sales growth of 12%.
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08:34:09 AM UTC
SquawkNews
Richemont closes a volatile and generally downbeat luxury reporting season with a solid sales performance for its fiscal second quarter, Citi analysts say. The owner of Cartier and other high-end brands said sales for the quarter through September climbed 13% from the same period a year earlier. Ho…