2 Burst results for "Cartier Van Cleef"
Bloomberg Radio New York
"cartier van cleef" Discussed on Bloomberg Radio New York
"The pandemic have been complicated by a lackluster vaccination campaign with millions of adults not yet inoculated Now in the U.S. a 9th person he was injured at a music festival in Texas has died Authorities in Houston say the student was critically her during rapid Travis Scott's performance at ASTRO world last Friday at least 60 lawsuits have been announced signaling out Scott and fellow singer Drake who took to the stage in the final 15 minutes of the concert while after authorities had declared a state of emergency and were being encouraged to think twice before buying gift cards as Christmas presents as here just in case of retailer collapses which has found that's happened to around one in ten people since the start of the coronavirus pandemic The group says while credit card purchases offer some protection gift cards themselves are now unregulated Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than 120 countries and the anger guerin's this is Bloomberg Caroline Thank you so much I guarantee warning ahead of Christmas Thank you so much for that well Speaking of Christmas perhaps this will play into the luxury sector which of course is in a slew of companies reporting results this week Now richemont is just the latest in announced first half operating profit that beat as earnings exceeded pre-pandemic levels but there's quite a lot going on with riche moss for more Let's bring in our senior luxury analyst at Bloomberg intelligence at Deborah Aiken Debra great to have you on the program So we're mostly through the results season So I was interested to see if you could kind of sum up where we are in terms of growth and what we can expect for 2022 in this sector Indeed we are and I would say that quite so for all in the outlook is more positive than we might ever expected in around March April this year So what we've seen so far so what we do in here is we're comparing against 2019 this is 2020 was really when many stores were closed So we're looking around for the Q three 40% growth and 63% EPS growth and that translates over 9 months to around 32% growth on sales and 61% growth on EPS So if I pull that into 2019 we're then looking at very high single digit growth versus 2019 and teams in earnings growth net profit growth for the sector as a whole Okay so that for the luxury sector in terms of the outliers burberry's share price example slump burberry fairy garment Tell me about how they've been doing They did So they were two of the most recent reports about both of those companies headed into the pandemic very much in strategy overhaul stage and the pandemic of course flowed that down disrupted them more than others So in the Q three burberry didn't do so well in China I still positive but didn't do so well Probably because they also don't have as much of an ecommerce footprint there And then the other side of it for burberry is that they're looking to comparable sales stores store sales as a converse of 2019 We're starting in Q two of 1% we started again in the calendar Q three of 1% again But we're full of price sales not as strong as they were So I'm still need therefore some cost cartoon some price put in discounted in that half of them And then if we go to ferragamo so they are on -10% versus three Q 2019 And what we're looking at there is the fact that this company was all about closing some of the stores close and wholesale relocating reorganizing their product portfolio So that is hampered them But overall both companies and move forward but not as strongly as the rest of the sector No I mean I really operating margin at 21.9% the estimate was for just under 17% I mean they've had a huge operating profit beat for reasonable And yet they're online offering is quite tricky for them Well I think 620 basis points of operating margin improvement in that versus 2019 So we're looking again at that And it's driven by Cartier predominantly It pulls a huge amount of growth and also Cartier van Cleef and altos Boucher If we look at those altogether the jewelry division is a 41% versus one 2019 just a huge base and it's where we have pent up demand so that some stores are closed but they're working their way through the big jewelry show rooms the watch is showing You can go in there and have a specialist appointment There is still a lot being sold online there We don't be surprised I remember when Cartier in initially at the end of last year went on to Tim all luxury pavilion in China to penetrate with phenomenal So the huge demand But yes we've seen a criminal directions really Deborah thanks so much for being with me Never ache in there is our senior luxury.
The Savage Nation with Michael Savage
Apple launch: Bigger! Faster! Pricier! Innovative?
"Tomorrow. Apple's expected to introduce several new iphones ipads, apple watches as the tech giant tries to become the first US company to reach a two trillion. Dollar market capitalization for a preview of what to expect Bloomberg's Tom Keene and Jonathan Farrow spoke with BT, I g analyst Walter Pijesak. Walter diode cell where are you right now on apple stock has been obviously been performing well as it typically does ahead of a an iphone launch. I guess warn people that the day of the launch itself, which I guess is expect tomorrow the announcement stock doesn't typically fair that well, but rather than being focused on the near term just looking at the long-term, or at least an intermediate term prospects of earnings rose said the company, that's the reason about this. Have you done a sum of the parts analysis of you ever have you actually tried to figure out what services slash itunes is? Is actually worth or the core franchise is worth. Or the peripheral is worth have you done a sum of the parts? We haven't done that yet, Tom. But, but it's it's interesting because it's so early stage if you look at the number of let's say active, I phone users that are out there. Creative strategies estimates that about eight hundred million eight hundred fifty million there's only three hundred million people today that are paying a regular subscription. So we're still early days in terms of number of customers paying regular service fees, and then no services themselves per customer, which in in in the service industry that's called. Our polls can probably go up on on new opportunities.