CFRUY 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.

Richemont of Cartier and Van Cleef & Arpels fame just delivered spectacular third quarter results, ending December 31 with its luxury jewelry brand revenues up 14%.

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.

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