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Kering surges as Gucci sales decline slows, revenue beats estimates

Tue, 28 Jul 2026 12:57:29 -0400

Investing.com -- Kering reported second-quarter revenue that exceeded analyst expectations, driven by a slowdown in Gucci's sales decline and sequential improvement across its brand portfolio, sending its ADRs up 16.4%.

The French luxury group posted second-quarter revenue of €3.65 billion, up 2% on a comparable basis and slightly above the analyst consensus of €3.63 billion.

Gucci, the company's largest brand, saw its comparable sales decline narrow to 2%, a significant improvement of 7 percentage points from the first quarter, marking the brand's strongest sequential acceleration in several quarters. First-half revenue reached €7.22 billion, up 1% on a comparable basis compared to €7.44 billion

Kering surges as Gucci sales decline slows, revenue beats estimates

Tue, 28 Jul 2026 12:57:29 -0400

The French luxury group posted second-quarter revenue of €3.65 billion, up 2% on a comparable basis and slightly above the analyst consensus of €3.63 billion.

Kering stock target cut at Morgan Stanley as Gucci faces slow start to the year

Fri, 06 Feb 2026 11:05:59 -0400

Investing.com -- Morgan Stanley lowered its price target on Kering to €315 from €370 in a note on Friday, citing a slower-than-expected start to 2026 for the luxury group and renewed concerns about Gucci’s turnaround prospects.

Analyst Edouard Aubin said “recent channel checks point to a more difficult start to the year than anticipated,” particularly for Gucci, which remains “the sentiment driver” for the group.

Aubin noted that the rollout of new products under creative director Demna has increased market scrutiny, but January data suggest Kering and Gucci’s “relative underperformance may have widened again.”

This comes despite Demna’s

Gucci-owner Kering posts revenue decline amid turnaround efforts

Wed, 22 Oct 2025 12:34:00 -0400

Investing.com -- Kering on Wednesday posted a third-quarter revenue decline, but saw signs of a sequential recovery across its luxury brands. The French luxury group is reducing debt and sharpening its focus on its core fashion brands.

Group revenue in the third quarter of 2025 was €3.42 billion, down 10% as reported and 5% on a comparable basis. The drop included a 5% negative currency impact.

Kering said the result marked a sharp improvement from a 15% comparable decline in the second quarter. Sales from the directly operated retail network fell 6%, while wholesale and other revenue was down 2%.

“Kering’s third-quarter

Gucci-owner Kering posts revenue decline amid turnaround efforts

Wed, 22 Oct 2025 12:34:00 -0400

“Kering’s third-quarter

Morgan Stanley upgrades LVMH stock, Kering becomes new top pick in luxury

Tue, 07 Oct 2025 07:08:23 -0400

Investing.com -- Morgan Stanley has upgraded shares of LVMH and Kering to Overweight, making Kering its new top pick in the luxury sector, while downgrading Hermès and Prada to Equal-weight, citing a “creative supply shock” reshaping the industry.