CFR - Strong results could mean an upward move

CFR earnings were released this morning and the results were quite impressive. It gapped up around R10 per share this morning. If it breaks the previous highs formed in early December 2021, I think we can see a nice upward move to form some new highs.

Below are the highlights of the earnings report:

Compared to the third quarter ended 31 December 2020:
* Strong sales, up by 32% at constant exchange rates and by 35% at actual exchange rates
* Double-digit sales growth across all regions, channels and business areas
* Strongest performance from the Americas and Europe, rebalancing regional sales mix
* Retail and online retail, a combined 78% of Group sales, driving growth
* Excellent performance from all three business areas:
- Jewellery Maisons, with sales growth of 38% at constant exchange rates (+41% at actual exchange rates)
- Fashion & Accessories Maisons, with sales growth of 37% at constant exchange rates (+40% at actual exchange rates), sustained by Chloe, Montblanc and Peter Millar
- Specialist Watchmakers, with sales growth of 25% at constant exchange rates (+29% at actual exchange rates)

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