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Compagnie Financière Richemont SA (CFR.SW)
- Zacks
SIG or CFRUY: Which Is the Better Value Stock Right Now?
SIG vs. CFRUY: Which Stock Is the Better Value Option?
- Reuters
Luxury group Richemont reports slowdown in Q4 sales, appoints new CEO
Richemont confirmed the slowdown in the luxury sector when the Cartier jewellery owner reported a 1% drop in its fourth quarter sales on Friday. The company, which also owns high-end Swiss watch brands like Piaget and Jaeger-LeCoultre, said sales fell to 4.80 billion euros ($5.21 billion) in the three months to the end of March. For the full year to the end of March, Richemont's sales rose 3% to 20.62 billion euros, while shareholder's full year net profit of 2.36 billion euros missed the 3.09 billion euros in the consensus compiled by Visible Alpha.
- Investing.com
Richemont sales growth tops expectations despite quarter-on-quarter slowdown
Investing.com -- Richemont (SIX:CFR) reported a slowdown in sales growth in its fourth quarter as the luxury house known for its Cartier brand was hit by sluggish demand in its key Chinese market.
