Swiss luxury retailer and Cartier owner Richemont reported group sales of €6.32bn ($7.24bn) for the three months to 30 June 2026, up 17% at actual exchange rates.
Sales at the jewellery maisons / houses, namely Buccellati, Cartier, Van Cleef & Arpels, and Vhernier, climbed 24% at constant rates to €4.73bn.
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The jewellery maisons recorded a seventh consecutive quarter of double-digit growth, with gains across all maisons, regions and channels.
Specialist watchmakers revenue increased 8% to €873m, which the company characterised as a sequential improvement.
The other business area, encompassing fashion and accessories, expanded 9% to €724m.
Regionally, European sales grew 11% at constant rates to €1.42bn, supported by local clients and tourists, particularly from North America and the Middle East, with France, the UK and Germany making notable contributions.
Asia Pacific revenue rose 21% to €2.06bn, driven mainly by the jewellery maisons, with China, Hong Kong and Macau together delivering double-digit growth alongside strong results in South Korea and Taiwan.
The Americas posted a 27% increase to €1.67bn, a rise the company described as broad-based across markets, channels and business areas.
Japan recorded growth of 36% to €632m, reversing a 15% decline in the prior-year quarter, with double-digit gains across every business area.
Middle East & Africa sales returned to growth, up 3% to €530m, as local demand offset weaker tourist spending linked to regional conflict; the UAE saw a modest sales dip while other markets in the region performed solidly.
By channel, retail sales increased 24% to €4.50bn, representing 71% of group revenue.
Wholesale and royalty income rose 9% to €1.45bn, with the Americas the biggest contributor.
Online retail sales advanced 18% to €373m, with strong gains in Japan, the Americas and the Asia Pacific.
Within specialist watchmakers, Vacheron Constantin, Jaeger-LeCoultre and A. Lange & Söhne stood out, led by growth in the Americas and Japan, while Asia Pacific performance was broadly flat as a decline across China, Hong Kong and Macau was nearly offset elsewhere.
In the other segment, Peter Millar, Gianvito Rossi and Watchfinder & Co posted double-digit growth, alongside solid gains at Montblanc.
Net cash stood at €9.1bn as of 30 June 2026, up from €7.40bn a year earlier, including a €0.4bn inflow from the disposal of its Avolta stake.
