Brand StrengthRichemont remains one of the top sector picks, with thriving brands like Cartier and Van Cleef in a strong jewelry category and sequential improvement across all clusters.
Earnings PerformanceEarnings estimates over the FY25-27 cycle have been increased materially, putting estimates above consensus.
Regional Sales GrowthStrong local demand and tourist purchases drove notable regional growth, with Europe, Americas, and the Middle East all outperforming consensus expectations.