Richemont delivers double-digit sales growth in Q3

Core Insights - Swiss luxury retailer Richemont, owner of Cartier, reported a 4% increase in group sales to €6.4 billion ($7.43 billion) for Q3 ended December 31, 2025, with an 11% rise at constant exchange rates [1][4] Group Performance - The Jewellery Maisons drove performance with a 14% increase in sales at constant rates, while the Specialist Watchmakers division saw a 7% revenue increase [2] - The 'other' business area remained stable, and Fashion & Accessories Maisons achieved a 3% sales increase [2] Geographic Performance - Sales in the Americas rose by 14%, supported by strong domestic demand across all segments [3] - Japan experienced a 17% increase, driven by sustained local demand and tourist spending [3] - The Middle East & Africa had the strongest regional growth at 20%, led by the UAE [3] - Europe saw an 8% increase in sales, supported by local consumption and tourist activity [3] - Asia Pacific reported a 6% growth, with gains in most markets offsetting weaker performance in China, Hong Kong, and Macau [3] Distribution Channels - Retail remained the largest distribution channel, with sales through directly operated stores rising 12% at constant exchange rates, accounting for 72% of total group revenue [4] - Wholesale and royalty income increased by 9%, while online retail sales grew by 5% [4] Financial Position - For the nine months ended December 31, 2025, group sales totaled €17 billion, reflecting a 10% growth at constant exchange rates and 5% at actual rates [4] - As of December 31, 2025, Richemont reported a net cash position of €7.6 billion, slightly down from €7.9 billion a year earlier [5]