European Luxury Companies Face Divergent Trends on Shifting Consumer Landscape -- Market Talk

Dow Jones01-19

1129 GMT - European luxury companies face diverging trends during the earnings season partly due to their exposure to different consumers, UBS analysts write in a research note. Brunello Cucinelli posted a strong set of numbers, they say, and Richemont reported a sales beat in its core division jewelry Maisons. Meanwhile, Burberry cut its guidance due to a continued fall in luxury demand. "One of the key trends emerging in the sector in 2023 was the weakness of the aspirational consumer, which is being more impacted by the current macro context," UBS says, noting that exposure to high-end clientele could explain the exceptional performance of Brunello Cucinelli and Richemont and bodes well for Hermes. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

January 19, 2024 06:29 ET (11:29 GMT)

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Brunello Cucinelli ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4202","symbol_name":"服装、服饰与奢侈品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2404571199","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2404571199","pubTimestamp":1705663740,"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":"1129 GMT - European luxury companies face diverging trends during the earnings season partly due to their exposure to different consumers, UBS analysts write in a research note. 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