Richemont unveils quarterly revenue exceeding expectations

Despite revenue exceeding expectations in the third quarter, which ended in December, the Swiss luxury group (Cartier, Piaget, Van Cleef & Arpels) did not shine on the stock market, dragging other luxury stocks down with it.

Richemont kicked off the first results of 2026 among the luxury giants.

A few weeks before the first-quarter results of LVMH (expected at the end of January), Hermès, and Kering (in February), the Swiss watchmaking, jewelry, and fashion group unveiled its third quarter of its staggered fiscal year (ended last December) on January 15.

Better than expected

The owner (among others) of Cartier, Van Cleef & Arpels, and Piaget reported 4% growth in reported sales in the third quarter to €6.4 billion. This exceeded the consensus expectations of analysts cited by Visible Alpha, which had forecast €6.28 billion.

To continue reading this article, subscribe or log in to your account

Discover our plans

• Every day, keep up to date with the latest business news from the world of luxury.
• Receive the essential luxury business news by email every week
• Access all our events
• The Luxury Journals and Luxus Magazine in print and digital versions

Subscribe for 1€

Become an active member of the community of luxury leaders.

Read also > [STOCK MARKET UPDATE] Luxury goods drag down the markets

Featured photo: © Cartier