Richemont's Results Could Signal Improvement in the Luxury Sector -- Market Talk

Dow Jones

2025/01/17

1417 GMT - Richemont's strong third-quarter performance was largely due to its strength in the jewelry category, but it could also signal improving trends in the luxury sector, UBS analysts write in a note. "We have no doubt that in calendar 4Q the overall luxury environment saw some sequential improvement ahead of market's expectations, as suggested by Brunello Cucinelli's beat reported on Monday," they say. This was driven by improving trends in the U.S. and China. However, Richemont continued to gain market share helped by its jewelry brands, they say. Expectations are now higher for other companies due to report this earnings season, the analysts add. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

January 17, 2025 09:18 ET (14:18 GMT)

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This was driven by improving trends in the U.S. and China. However, Richemont continued to gain market share helped by its jewelry brands, they say. Expectations are now higher for other companies due to report this earnings season, the analysts add. (andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 17, 2025 09:18 ET (14:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Richemont's Results Could Signal Improvement in the Luxury Sector -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRichemont's Results Could Signal Improvement in the Luxury Sector -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-17 22:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1417 GMT - Richemont's strong third-quarter performance was largely due to its strength in the jewelry category, but it could also signal improving trends in the luxury sector, UBS analysts write in a note. \"We have no doubt that in calendar 4Q the overall luxury environment saw some sequential improvement ahead of market's expectations, as suggested by Brunello Cucinelli's beat reported on Monday,\" they say. This was driven by improving trends in the U.S. and China. However, Richemont continued to gain market share helped by its jewelry brands, they say. Expectations are now higher for other companies due to report this earnings season, the analysts add. (andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 17, 2025 09:18 ET (14:18 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":"2504471169","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504471169","pubTimestamp":1737123480,"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":"1417 GMT - Richemont's strong third-quarter performance was largely due to its strength in the jewelry category, but it could also signal improving trends in the luxury sector, UBS analysts write in a note. \"We have no doubt that in calendar 4Q the overall luxury environment saw some sequential improvement ahead of market's expectations, as suggested by Brunello Cucinelli's beat reported on Monday,\" they say. This was driven by improving trends in the U.S. and China. However, Richemont continued to gain market share helped by its jewelry brands, they say. Expectations are now higher for other companies due to report this earnings season, the analysts add. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CFRUY":"历峯集团","BK4202":"服装、服饰与奢侈品"},"translate_title":"历峰集团的业绩可能标志着奢侈品行业的改善——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFRUY":0.9},"content_text":"1417 GMT - Richemont's strong third-quarter performance was largely due to its strength in the jewelry category, but it could also signal improving trends in the luxury sector, UBS analysts write in a note. \"We have no doubt that in calendar 4Q the overall luxury environment saw some sequential improvement ahead of market's expectations, as suggested by Brunello Cucinelli's beat reported on Monday,\" they say. This was driven by improving trends in the U.S. and China. However, Richemont continued to gain market share helped by its jewelry brands, they say. Expectations are now higher for other companies due to report this earnings season, the analysts add. (andrea.figueras@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 17, 2025 09:18 ET (14:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}