Richemont Should Continue to Show Resilience Helped by Jewelry Brands

Dow Jones07-13

Cartier owner Richemont is scheduled to report results for its fiscal first quarter on Wednesday. Here is what you need to know.

SALES FORECAST: The Swiss jewelry group is expected to report sales of 5.89 billion euros ($6.72 billion) for the quarter ended June 30, according to a poll of estimates by 10 analysts compiled by Visible Alpha. In the prior-year period, the group recorded sales of 5.41 billion euros.

Shares have jumped around 23% over the past 12 months and are up nearly 6.3% since the start of 2026.

WHAT TO WATCH:

--Jewelry continues to be a top category in the luxury industry, and Richemont looks well-positioned to gain exposure, analysts at Deutsche Bank wrote in a research note. This is thanks to the group's strong brands under its key jewelry business, DB said.

--Analysts at Barclays argued that the core division will likely show one of the highest growth rates in the sector. "Richemont will again demonstrate the strongest result in the 2Q calendar quarter, both in absolute terms and relative to consensus expectations," Barclays said. The analysts don't expect a deceleration in sales growth compared with the preceding quarter, when the jewelry segment posted a 16% increase at constant exchange rates.

--The focus will also be on any comments regarding tourist flows and spending patterns in Europe in the quarter, and how tourist demand compares with local customer demand, DB said. Furthermore, investors will be looking for any signs of catch-up spend from Middle Eastern customers, DB analysts added.

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

(END) Dow Jones Newswires

July 13, 2026 08:55 ET (12:55 GMT)

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Richemont Should Continue to Show Resilience Helped by Jewelry Brands

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