Richemont Gets U.S. Boost From Booming Markets, Trump Election -- Market Talk

Dow Jones

Jan 16, 2025

1318 GMT - Richemont's strong performance in the Americas signals wealth creation in the U.S., partly due to booming financial markets and the Trump election, which has boosted high-end consumers, Bryan Garnier's Loid Morvan says in a research note. The Swiss luxury group exceeded sales expectations in December quarter across all regions, but the main beat was in the Americas, the analyst says. Richemont said sales in the Americas grew 22% in its fiscal third quarter, accelerating from a 12% increase the prior quarter. This points to the positive effect of wealth creation in the U.S.--Richemont's biggest market--on high-end consumers, according to Bryan Garnier. Richemont shares jump 16%. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

January 16, 2025 08:18 ET (13:18 GMT)

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The Swiss luxury group exceeded sales expectations in December quarter across all regions, but the main beat was in the Americas, the analyst says. Richemont said sales in the Americas grew 22% in its fiscal third quarter, accelerating from a 12% increase the prior quarter. This points to the positive effect of wealth creation in the U.S.--Richemont's biggest market--on high-end consumers, according to Bryan Garnier. Richemont shares jump 16%. (adria.calatayud@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 16, 2025 08:18 ET (13:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Richemont Gets U.S. Boost From Booming Markets, Trump Election -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRichemont Gets U.S. Boost From Booming Markets, Trump Election -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-16 21:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1318 GMT - Richemont's strong performance in the Americas signals wealth creation in the U.S., partly due to booming financial markets and the Trump election, which has boosted high-end consumers, Bryan Garnier's Loid Morvan says in a research note. The Swiss luxury group exceeded sales expectations in December quarter across all regions, but the main beat was in the Americas, the analyst says. Richemont said sales in the Americas grew 22% in its fiscal third quarter, accelerating from a 12% increase the prior quarter. This points to the positive effect of wealth creation in the U.S.--Richemont's biggest market--on high-end consumers, according to Bryan Garnier. Richemont shares jump 16%. (adria.calatayud@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 16, 2025 08:18 ET (13:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFRUY","symbol_name":"历峯集团","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503991445","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503991445","pubTimestamp":1737033480,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1318 GMT - Richemont's strong performance in the Americas signals wealth creation in the U.S., partly due to booming financial markets and the Trump election, which has boosted high-end consumers, Bryan Garnier's Loid Morvan says in a research note. The Swiss luxury group exceeded sales expectations in December quarter across all regions, but the main beat was in the Americas, the analyst says. Richemont said sales in the Americas grew 22% in its fiscal third quarter, accelerating from a 12% increase the prior quarter. This points to the positive effect of wealth creation in the U.S.--Richemont's biggest market--on high-end consumers, according to Bryan Garnier. Richemont shares jump 16%. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CFRUY":"历峯集团","BK4202":"服装、服饰与奢侈品"},"translate_title":"历峰集团从蓬勃发展的市场和特朗普大选中获得美国提振——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFRUY":0.9},"content_text":"1318 GMT - Richemont's strong performance in the Americas signals wealth creation in the U.S., partly due to booming financial markets and the Trump election, which has boosted high-end consumers, Bryan Garnier's Loid Morvan says in a research note. The Swiss luxury group exceeded sales expectations in December quarter across all regions, but the main beat was in the Americas, the analyst says. Richemont said sales in the Americas grew 22% in its fiscal third quarter, accelerating from a 12% increase the prior quarter. This points to the positive effect of wealth creation in the U.S.--Richemont's biggest market--on high-end consumers, according to Bryan Garnier. Richemont shares jump 16%. (adria.calatayud@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 16, 2025 08:18 ET (13:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}