Richemont's stock has fallen nearly 15% in two months, underperforming the luxury sector despite solid fundamentals and strong jewelry sales. Swiss watch market indicators are improving, supporting expectations of recovery and better profitability for Richemont's Specialist Watchmakers after 8% sales growth in Q1. The group anticipates double-digit sales growth in Q2 led by jewelry, with watch profitability offsetting higher gold prices. Richemont's valuation remains attractive compared to peers, supported by strong cash flow and earnings growth.
Richemont's Specialist Watchmakers recovery story is presented here with context from Pluang's Consumer Cyclical sector data. For readers following this sector, as of Oct 02, 2026 11:21 WIB, out of 112 US stocks, 62 rose and 49 fell. Notable movers include MINISO Group Holding Ltd (MNSO) at USD 8.93 with 100% sell order activity, Tapestry, Inc. (TPR) at USD 119.25 with 100% buy order activity, and Li Auto Inc (LI) at USD 10.96 also with 100% buy order activity.
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VINCI's subsidiary Cobra IS secured a €165 million contract to build the cooling system for a massive data center campus in the Iberian Peninsula. The project includes installing mechanical, electrical, and plumbing equipment for 126 air cooling unit...
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