Cartier Parent Richemont Post Sales Rise Despite Uncertain Market Backdrop
By Andrea Figueras
Swiss luxury-goods group Richemont reported an increase in sales for its most recent quarter, a bright spot for a luxury sector otherwise facing feeble demand.
The owner of jewelers Cartier and Van Cleef & Arpels said Friday that sales for its fiscal second quarter through September climbed 13% from the same period a year earlier at constant exchange rates. Quarterly sales reached 5.95 billion euros ($6.58 billion), surpassing analysts' forecasts of 5.895 billion euros, according to Visible Alpha consensus.
The group's growth engine, its jewelry business, booked a 14% rise in sales.
Hopes of a recovery in demand for luxury goods have faded in recent weeks as major players, including Paris-based industry leader LVMH, reported weak sales, weighed by a gloomy consumer backdrop in the key Chinese market.
Despite the challenging market environment, Richemont is benefiting from the resilience of jewelry. The category's superior growth and pricing power are a boon for the jewelry-focused group, analysts at Bernstein wrote in a recent research note.
"Richemont delivered strong results in a volatile geopolitical and macroeconomic environment," Chairman Johann Rupert said, adding that this uncertain backdrop is expected to continue in the foreseeable future.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
November 13, 2026 02:27 ET (07:27 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Growth Stocks to Buy While They’re Still Undervalued
3 of the Best Core Stocks to Own
3 Great New ETFs From 2026
The 10 Best Companies to Invest in Now
United States