Richemont's Results Raise the Bar for Luxury Sector -- Market Talk

Dow Jones

01-20

1121 GMT - Richemont's results have materially repriced and raised the bar for the wider luxury sector that has yet to report fourth-quarter figures, RBC Capital Markets analyst Piral Dadhania says in a note. The Swiss luxury group reported results for its fiscal third quarter above analysts' projections, triggering a stock rally last Thursday across a number of European luxury groups. What remains to be seen is the extent to which Richemont's strong revenue print is company-specific or a sector-wide trends and if it can be sustained in early 2025, the analyst says. He notes continuing challenges such as geopolitical uncertainty. Shares in Richemont are flat at 163.70 Swiss francs. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

January 20, 2025 06:21 ET (11:21 GMT)

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The Swiss luxury group reported results for its fiscal third quarter above analysts' projections, triggering a stock rally last Thursday across a number of European luxury groups. What remains to be seen is the extent to which Richemont's strong revenue print is company-specific or a sector-wide trends and if it can be sustained in early 2025, the analyst says. He notes continuing challenges such as geopolitical uncertainty. Shares in Richemont are flat at 163.70 Swiss francs. 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(andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 20, 2025 06:21 ET (11:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFRUY","symbol_name":"历峯集团","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2504240523","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504240523","pubTimestamp":1737372060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1121 GMT - Richemont's results have materially repriced and raised the bar for the wider luxury sector that has yet to report fourth-quarter figures, RBC Capital Markets analyst Piral Dadhania says in a note. 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