Compagnie Financiere Richemont SA Class A

CFR: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CHF 326.00	Wtdy	Frpfssqrq

Richemont's Sales Growth Decelerates on a More Challenging Comparison Base and China Lockdowns

Jelena Sokolova

Jan 18, 2023

We are maintaining our fair value estimate of CHF 140 for wide-moat Richemont as the company reported a deceleration in sales growth during the third quarter. A strong rally at the end of 2022 left shares trading in line with our estimates.

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