Richemont Posts Impressive End to Fiscal Year -- Market Talk

Dow Jones05-22

0939 GMT - Richemont reported an impressive end to its year with a topline beat across the board, analysts at UBS say in a research note. The owner of Cartier and other high-end brands posted sales of 5.4 billion euros for its fiscal fourth quarter ended March 31, an increase of 13% compared with the year-earlier period. The key jewelry division delivered a 16% rise in quarterly sales. The watches business turned profitable in 2H, which highlights the cyclical upside to earnings ahead as the category recovers, the analysts say. The results once again confirm Richemont as the key high-quality holding for investors in the luxury space, UBS says. The softer margin of the jewelry segment could be a drag, they say. Shares are down 1.5%. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

May 22, 2026 05:39 ET (09:39 GMT)

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The watches business turned profitable in 2H, which highlights the cyclical upside to earnings ahead as the category recovers, the analysts say. The results once again confirm Richemont as the key high-quality holding for investors in the luxury space, UBS says. The softer margin of the jewelry segment could be a drag, they say. Shares are down 1.5%. 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