CFRHF Stock Recent News

Richemont's Q3 results exceeded expectations with €6.15 billion in sales, driven by strong performance in the Jewellery Maisons division, aligned with our investment thesis. Despite a decline in the Specialist Watchmakers segment, Richemont showed double-digit growth in key regions and a solid balance sheet with €7.9 billion in net cash. From a discounted valuation, Richemont is now fully priced at P/E and is aligned with peers on a dividend yield basis. We moved our rating to neutral.

CNBC's Robert Frank joins 'Closing Bell: Overtime' to discuss luxury stock earnings.

European luxury shares jumped Thursday after Cartier parent Richemont reported record quarterly sales, lifting investor hopes that the high-end sector is finally recovering from a slump caused by weak Chinese demand.

CNBC's Charlotte Reed reviews the quarterly results of Cartier owner Richemont.

The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales as it blew by analyst estimates.

Richemont sales unexpectedly jumped by double digits during the holiday shopping season as consumers splurged on Cartier jewelry, a sign of recovering demand for luxury goods. Angelina Rascouet reports.

Cartier owner Richemont on Thursday reported a 10% increase in third quarter sales even as China demand weighed.

Richemont , the owner of Cartier jewellery, on Thursday fuelled hopes of a revival for the beaten down luxury goods industry, with end-of-year sales that exceeded expectations, sending shares higher across the sector.

2 'Must-Buy' Turnaround Plays For 2025

23, Place des Carmes-Déchaux - 63000 CLERMONT-FERRAND Informations sur les opérations réalisées dans le cadre d'un programme de rachat d'actions, hors contrat de liquidité Information réglementée Dénomination sociale de l'émetteur : Michelin – LEI 549300SOSI58J6VIW052Référence de l'instrument financier : Actions ordinaires – Code ISIN FR 0000121261Date : 17 octobre 2024 Nom de l'émetteur Code Identifiant de l'émetteur Jour de la transaction Code identifiant de l'instrument financier Volume total journalier (en nombre d'actions) Prix pondéré moyen journalier d'acquisition des actions Marché Compagnie Générale des Etablissements Michelin 549300SOSI58J6VIW052 17.10.2024 FR001400AJ45 529 596 34,6092 euros Gré à gré    Nom de l'émetteur Code Identifiant Nom du PSI Code Identifiant PSI Jour/heure de la transaction Code identifiant de l'instrument financier Prix unitaire (unité) Devise Quantité achetée Code identifiant marché Numéro de référence de la transa