{"id":305544,"date":"2026-02-23T06:19:08","date_gmt":"2026-02-23T06:19:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/305544\/"},"modified":"2026-02-23T06:19:08","modified_gmt":"2026-02-23T06:19:08","slug":"5-takeaways-from-luxurys-q4-earnings","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/305544\/","title":{"rendered":"5 Takeaways From Luxury\u2019s Q4 Earnings"},"content":{"rendered":"

US brands performed well, particularly Ralph Lauren, which posted sales up 10% to $2.4 billion<\/a> in the third quarter of 2026, and Tapestry, whose sales were up 14% turbocharged by Coach<\/a> (up 25%).<\/p>\n

In the US, luxury brands are flexing their retail muscles. Dior opened a Rodeo Drive store in LA with a restaurant by three-Michelin-star chef Dominique Crenn in the fall. Moncler opened a second store dedicated to Moncler Grenoble in Aspen<\/a>, after launching its first dedicated store in Saint Moritz in December 2023<\/a>, and will open a Fifth Avenue flagship in New York this year. Herm\u00e8s confirmed plans to open a bigger flagship on Rodeo Drive.<\/p>\n

Read More<\/p>\n

Why Moncler Chose Aspen for Its Second Grenoble Store<\/a><\/p>\n

The luxury brand\u2019s dedicated ski collection hosted a big show and party on Saturday in the Colorado ski town to celebrate its newest store opening. It underscores a serious investment in the US market.<\/p>\n

\"Image<\/a><\/p>\n

\u201cOur Rodeo Drive store is becoming too small,\u201d Dumas said. \u201cSo we\u2019ve made a significant purchase for the future that will eventually allow us to have a project we consider fantastic. We currently have tenants, so whether Rodeo Drive will be a project for the seventh generation or for us \u2014 we\u2019ll see \u2014 but the idea is to think long term. We don\u2019t necessarily want to have more stores, but to have better ones.\u201d<\/p>\n

Come May, a number of luxury houses are staging their resort 2027 shows Stateside<\/a>.<\/p>\n

\u201cOne thing to keep an eye on is the stock market,\u201d said Kering\u2019s de Meo. \u201cA lot of Americans have savings held \u200cin stocks. So if the market holds up well, it will keep driving growth in our sector. If there\u2019s a crash \u2014 say an AI bubble \u2014 we\u2019ll talk again. But for now, it\u2019s looking good.\u201d<\/p>\n

The gap begins to narrow<\/p>\n

\u201cThe K-shaped economy \u2014 where the top end of the economy grows, but the lower end lags as inequalities widen \u2014 is still a theme in Q4,\u201d Morgan Stanley managing director \u00c9douard Aubin said in January<\/a>, before the earnings season commenced. \u201cBecause of the large wealth effect, the brands positioned at the top of the luxury pyramid are outperforming, but I think that the gap will narrow slightly.\u201d<\/p>\n

It has indeed narrowed. \u201cThe fourth quarter has continued to provide highly polarized results, but the distance in organic growth performance has narrowed to 24% points,\u201d Solca says. He notes that the gap was 38% points a year earlier. (In Q4 2024, Richemont\u2019s jewelry maisons were up 14% and Gucci was down 24%).<\/p>\n

High-end brands such as Herm\u00e8s, Loro Piana, Brunello Cucinelli and Cartier are still defying the odds, buoyed by the resilience of ultra-wealthy consumers. \u201cAt Loro Piana, we have only one problem: slowing down growth,\u201d Arnault said. But labels with middle-income customers are seeing some early signs of recovery.<\/p>\n

\u201cThe likes of Burberry, Gucci, and Ferragamo are gaining momentum,\u201d says Charles-Louis Scotti, head of luxury goods equity research at Kepler Cheuvreux. Burberry\u2019s comparable retail sales grew 3% to \u00a3665 million in the third quarter of fiscal 2026 (ended December 27, 2025). After a sluggish 2025, Ferragamo saw an improvement in Q4<\/a> when sales were down 2% to \u20ac282 million, including a 6.3% rise in the direct-to-consumer (DTC) channel.<\/p>\n

Jewelry continues to shine, as expected<\/p>\n

At LVMH\u2019s watches and jewelry division, sales were up 8%, while sales at Herm\u00e8s\u2019s \u201cother sectors\u201d, which includes jewelry, were up 12.9%. Sales at the Richemont jewelry maisons, including Cartier and Van Cleef & Arpels, were up 14% in the quarter, exceeding expectations. Despite the beat, the Richemont share slipped after the publication of the earnings, as investors saw jewelry strength as a given. Kering doesn\u2019t break down the growth rate of its jewelry brands, but said its respective business generated an approximate \u20ac1 billion in 2025. To reinforce its industrial capabilities in the category, Kering acquired jewelry manufacturer Raselli Franco in December 2025. De Meo sees big potential as he seeks to reduce the group\u2019s dependence on the fashion cycle.<\/p>\n","protected":false},"excerpt":{"rendered":"US brands performed well, particularly Ralph Lauren, which posted sales up 10% to $2.4 billion in the third…\n","protected":false},"author":2,"featured_media":305545,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[54611,146,85,46,5345],"class_list":["post-305544","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entertainment","tag-advanced","tag-entertainment","tag-il","tag-israel","tag-latest"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/305544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=305544"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/305544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/305545"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=305544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=305544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=305544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}