Richemont reports double-digit sales, as tourists return to Europe

0
15

Compagnie Financiere Richemont SA said Friday that a return of tourism to Europe helped drive double-digit sales growth in the first quarter of its fiscal year, offsetting the negative impact of lockdowns in China.

The Swiss luxury-goods group CH:CFR reported total sales of 5.26 billion euros ($5.27 billion) in the March-June period, rising 12% on year at constant currency from EUR4.4 billion a year earlier. This beat expectations of EUR5.1 billion, according to a poll of analysts’ estimates compiled by FactSet.

Sales…

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleCostco stock jumps to lead S&P 500 gainers after Deutsche Bank says buy
Next articleMark Hulbert: The U.S. dollar hasn’t been this strong in 20 years. Here’s what happened next.

LEAVE A REPLY

Please enter your comment!
Please enter your name here