1330 GMT - Richemont will likely be one of the few luxury names to report positive growth in the upcoming earnings season, thanks to better momentum in Europe and the U.S., Barclays analysts write in a note. The Swiss luxury group will publish a trading update for its fiscal third quarter on Jan. 16. The analysts expect it to book sales of 5.67 billion euros, representing organic growth of 1% on year, which includes 5% growth at the group's core jewelry business. Trends don't seem to have deteriorated further, which is an encouraging sign, they add. The U.S. market could experience a small acceleration now that the uncertainty around the elections is over, Barclays says, adding that regions like Europe and the Middle East should remain positive. Shares are up 2.8% at 135 Swiss francs. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
December 09, 2024 08:30 ET (13:30 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。