- Overall Performance: Richemont’s 3rd quarter sales at constant exchange rates rose by 10%, substantially surpassing the estimated 0.92%.
- Regional Highlights:
- Europe: Achieved a revenue increase of 19%, beating the 6.38% estimate.
- Americas: Recorded a 22% revenue increase, outpacing the 10.4% estimate.
- Asia Pacific: Experienced a 7% decline, but this was better than the expected 15.8% decrease.
- Middle East & Africa: Revenue grew by 20%, greatly exceeding the 10.7% estimate.
- Japan: Saw a 19% uptick in revenue, slightly higher than the 18.7% estimate.
- Sales Channel Insights:
- Retail Sales: Increased by 11%, surpassing the 2.83% estimate.
- Online Retail Sales: Grew by 17%, more than double the estimated 6.95% growth.
- Wholesale & Royalty Income: Rose by 4%, countering the expected 7.37% decline.
- Product Categories:
- Jewellery Maisons: Sales climbed 14%, outperforming the 4.28% estimate.
- Specialist Watchmakers: Sales decreased by 8%, a better outcome than the anticipated 14.1% drop.
- Other Sales: Up by 11%, exceeding the 2.98% estimate.
- Financial Figures:
- Total sales reached EU6.15 billion, surpassing the predicted EU5.64 billion.
- Europe contributed EU1.46 billion, above the EU1.3 billion estimate.
- Asia Pacific sales achieved EU1.91 billion versus an expected EU1.73 billion.
- Americas generated EU1.65 billion, exceeding the EU1.5 billion forecast.
- Japan’s revenue was EU592 million, slightly below the predicted EU601.3 million.
- Middle East and Africa reported EU542 million in revenue, more than the anticipated EU501.6 million.
- Retail sales accounted for EU4.38 billion, higher than the EU4.03 billion projection.
- Online sales were EU419 million compared to the expected EU375.7 million.
- Wholesale & royalty income reached EU1.35 billion, exceeding the EU1.22 billion estimate.
- Jewellery Maisons sales were EU4.50 billion, surpassing the EU4.09 billion expectation.
- Specialist Watchmakers sales amounted to EU867 million, beating the EU797.3 million estimate.
- Other sales were EU782 million, above the EU714.2 million forecast.
- Analyst Ratings: The company has 19 buy ratings, 14 hold ratings, and 1 sell rating.
A look at Cie Financiere Richemont Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 0 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Compagnie Financiere Richemont SA has a positive long-term outlook, with high scores in Resilience and Momentum. The company shows strength in maintaining its operations during challenging times (Resilience) and in its current market performance and trend (Momentum).
While Richemont scores moderately in Value and Dividend factors, it lacks in Growth potential. Despite this, its strong Resilience and Momentum scores indicate a promising future for the company in the luxury goods market. Richemont is known for producing luxury items such as jewelry, watches, leather goods, and apparel, catering to customers globally.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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