Richemont lifts luxury stocks after Cartier owner beats Q1 forecasts

Hermes International SCA

15/07/2026 08:21

Updates to add peers' performance in bullet 3, analysts' comments in bullets 5-8
** European luxury stocks rise after Richemont CFR.S posted stronger-than-expected Q1 results

     ** 
    Richemont jumps more than 7%, putting the Cartier jewellery owner on track for its best day since April
  

     ** Hermes HRMS.PA, Kering PRTP.PA, LVMH LVMH.PA, Moncler MONC.MI, Swatch UHR.S and Burberry BRBY.L are up between 1.2% and 3.7%
  

     ** Richemont said its sales rose by 20% in constant currencies to €6.33 billion ($7.24 billion), beating the €5.90 billion forecast seen in Visible Alpha consensus 
  
** Bernstein says the results were "smashing through company-collected consensus across the board" 

     ** J.P.Morgan says the broad-based improvement bodes well for the sector, indicating a favourable backdrop that could drive results ahead of estimates
  

     ** Jefferies says Richemont faced "a high bar this reporting season, with investors universally expecting the group to confirm very strong growth in jewellery sales"
  

     ** Strong results and lower gold prices should support material consensus upgrades, Deutsche Bank says, expecting the shares to gain a high-single-digit percentage
  
     
($1 = 0.8742 euros)

(Reporting by Amir Orusov)
((Amir.orusov@thomsonreuters.com))