0527 GMT - Richemont posted an impressive sales update for its fiscal first quarter, analyst at RBC Capital Markets Piral Dadhania says. The strength of the jewelry category, the recovery of the watch sector and company execution "are too good to ignore with growth differential further widening vs. soft luxury peers," Dadhania says in a research note. The Swiss luxury-goods company has been on a strong revenue growth trajectory in recent years, increasingly decoupling from the luxury sector average, the analyst says. From here, Richemont is expected to commence an attractive EPS growth delivery, helped by revenue growth, operating leverage and easing raw materials headwinds, he adds. RBC Capital Markets upgrades the stock to outperform from a sector perform rating. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
July 16, 2026 01:29 ET (05:29 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments