Editor’s Note
This article highlights Richemont’s impressive sales surge during the crucial holiday quarter, outperforming market forecasts. The performance underscores the resilience of the luxury sector amid broader economic uncertainties.
The Swiss luxury goods group Richemont has significantly increased its sales in the important Christmas quarter, clearly exceeding market expectations.
In the third quarter of the 2025/26 fiscal year (ending December), sales rose by 4 percent to 6.4 billion euros, as Richemont announced on Thursday. When measured in local currencies, sales increased by 11 percent. This growth surpassed the record quarter of the previous year, when the Geneva-based company achieved a 10 percent increase. Analysts had expected an average organic growth increase of just 8.3 percent.
The jewelry business, led by the flagship brand Cartier, remained strong, posting a 14 percent increase at constant exchange rates. The watch business, featuring brands such as IWC, also grew, with a 7 percent increase.
Richemont does not publish profit figures for the third quarter. As is customary, the luxury goods group also did not provide a concrete outlook for the full 2025/26 fiscal year.