Richemont Rally: Robust Q1 Sales Drive Stock to Fresh 52-Week High
Richemont shares jumped after the Swiss luxury group reported first-quarter sales of €6.33 billion, well above the Visible Alpha consensus of €5.90 billion. Strong double-digit growth across major regions, particularly in the Jewellery Maisons, and supportive analyst moves helped push the stock to new highs despite a soft European market backdrop.