0952 GMT - Richemont's results show the strength of the group's leading brands, Cartier and Van Cleef & Arpels, Morgan Stanley analysts write in a research note. For the fourth quarter of fiscal 2025, the Swiss company posted sales growth of 11% at constant rates for its core jewelry division, which houses its two main brands. "This is a solid release from Richemont today and we expect it will be taken well by investors, particularly given the softening demand so far this calendar year," the analysts say. Shares are up 6.7% at 165.25 Swiss francs. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
May 16, 2025 05:52 ET (09:52 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.