Richemont Expected to Show Resilience Driven by Jewelry Sales -- Earnings Preview

Dow Jones05-20

By Andrea Figueras

Richemont, the parent company of Cartier and other high-end brands, is scheduled to publish results for its fiscal year 2026 on Friday. Here is what you need to know.

SALES FORECAST: The Swiss luxury group is expected to report sales of 22.31 billion euros ($25.90 billion) for the year ended March 31, according to a Visible Alpha poll of estimates by 19 analysts. In the previous year, the company booked sales of 21.4 billion euros.

For the fourth quarter alone, the group is expected to post sales of 5.3 billion euros, higher than the 5.17 billion euros it booked in the same period a year prior.

NET PROFIT FORECAST: Analysts forecast full-year net profit of 3.68 billion euros, according to the same consensus, compared with 2.75 billion euros it made in fiscal 2025.

Shares have dropped around 11% since the start of 2026 and are down more than 7% over the past 12 months.

WHAT TO WATCH

--Richemont should continue to benefit from strong momentum of the jewelry category and good leadership at a time when a recovery in global luxury demand remains uncertain, analysts at Bernstein said in a note. "Richemont is the absolute leader in jewelry," Barclays analysts said, adding that the company's core brands have an estimated market share of between 20% and 30% of branded jewelry.

--Richemont's results should confirm its strong sales progress in spite of the complex outlook for the luxury industry, analysts at Jefferies said in a note. "Our impression is that so far the Iran crisis has not derailed [Richemont's] ability to enjoy industry-leading growth," they said.

--Investors will be closely watching for any comments on the outlook, as the sector was poised to see a recovery this year following years of falling demand for high-end products. Despite hopes for a revival, the sector is now facing the impact of geopolitical instability and economic headwinds on demand.

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

May 20, 2026 08:30 ET (12:30 GMT)

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Richemont Expected to Show Resilience Driven by Jewelry Sales -- Earnings Preview

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