Kering Stock News

Kering's third-quarter report shows worsening trends, with revenues down 15% Y/Y and broad-based deceleration across key brands. Kering struggles with direct-to-consumer channels, unlike peers, and faces sharp declines in Japan and Asia Pacific, despite potential China stimulus. The luxury sector faces fatigue and macroeconomic challenges; Kering lacks iconic, time-transcendent products to driv...

Gucci, a legacy luxury brand and top-money maker for French luxury-group owner Kering, has become a monster-sized headache for the group and drag on performance as brand revenues plunged 22% through the first nine months this year.

Die DZ Bank hat Kering FR0000121485 von "Verkaufen" auf "Halten" hochgestuft, den fairen Wert je Aktie aber von 250 auf 245 Euro gesenkt.

The Italian brand's owner, Kering, issued its third profit warning in a row as demand for a toned-down Gucci disappoint.

Gucci-owner Kering SA (EPA:KER) has made a substantial cut to its full-year income forecasts following a disappointing third quarter. Gucci's year-on-year revenue plummeted 26% in the quarter, driven predominantly by persistently soft China demand.

Gucci had a challenging third quarter partly due to its APAC slump, per Kering's latest earnings call. The Italian luxury brand's sales dropped 25% this quarter compared to the previous year.

Shares in Gucci-owner Kering rose on Thursday, shrugging off the French luxury goods company's warning that 2024 operating income would almost halve to its lowest in years due to weak demand in China.

Dem Luxusgüterkonzern Kering FR0000121485 macht die Krise seiner Kernmarke Gucci weiter schwer zu schaffen.