From Robb Report · Nicole Hoey · · 40s
Richemont Jewelry Sales Up 14% in Q2
Richemont’s jewelry sales rose 14% in Q2, beating Q1’s 24% but missing analyst expectations of 16%.
In brief
Richemont’s jewelry sales rose 14% in Q2, beating Q1’s 24% but missing analyst expectations of 16%. Richemont’s jewelry sales increased 14% in Q2, down from Q1’s 24% but above analyst predictions of 16%. Originally reported by Robb Report.
Q2 Jewelry Sales
Richemont’s jewelry division rose 14 percent in Q2, down from Q1’s 24 percent.
Analyst Expectations
Analysts predicted Richemont’s jewelry sales would rise 16 percent in Q2.
Total Group Sales
Richemont’s total group sales increased 13 percent in Q2, driven by Americas (19%) and Asia-Pacific (10%).
Watch Sales Growth
Richemont’s watch sales grew 12 percent in Q2, led by Vacheron Constantin, Jaeger-LeCoultre, and A. Lange & Söhne.
The key point
Richemont’s jewelry sales increased 14% in Q2, down from Q1’s 24% but above analyst predictions of 16%.
