Shares in Gucci Owner Kering Surge as Recovery Gains Traction
The stock was up 11% a after the company's flagship label reported sales down 2% organically on year—beating the 5% drop expected by analysts.
Kering SA (PPRUY) Q2 2026 Earnings Call Transcript
Kering SA (PPRUY) Q2 2026 Earnings Call Transcript
Gucci-Parent Kering Posts Higher Revenue as Revival Plan Continues
The French luxury group logged higher revenue of $4.15 billion in its latest quarter, even as Gucci's revenue fell 3%.
Italian unions call strike at Kering over lack of clarity on strategy
Italy's largest unions have called a strike on May 20 across all companies of French luxury group Kering , which has offices and a significant share of its production in the country, citing a lack of clarity over the group's strategy.
Kering: Things Are Getting Better, But It Is Still Not Enough
Kering has exited its worst phase, with Q1 2026 showing stabilization and early signs of improvement, particularly at Gucci. Gucci's comparable sales decline improved to -8% from -25%, but group recovery remains incomplete as traffic and China demand are still weak. Management's reset plan offers a credible roadmap for inventory, pricing, and margin recovery, but execution risks and near-term P&L pressure persist.
Kering SA (PPRUY) Analyst/Investor Day Transcript
Kering SA (PPRUY) Analyst/Investor Day Transcript
Kering looks to double profits as it unveils ambitious turnaround plan to revive Gucci
Kering CEO Luca de Meo announced an ambitious strategy to get the company back on a growth track after a year-long slump. "In a nutshell, a model that worked for a decade, is no longer effective for us," he said during the company's Capital Markets Day in Florence.
Gucci Owner Kering Plans to Complete Structural Reset This Year in Bid to Revive Fortunes
The luxury giant said its plan would restore financial discipline and operational efficiency while focusing on refreshing creative direction and product lineups.
Hermes and Gucci sales fall short on Middle East turmoil. Investors were surprised.
Hermes International shares, trading at 34 times earnings, got pummeled on Wednesday after the luxury-goods maker reported slower-than-expected first-quarter sales growth.
Kering, Hermes fall on weak earnings: how Iran war is hitting luxury sector
Luxury stocks fell sharply on Wednesday after disappointing first-quarter earnings from Kering and Hermès highlighted the growing toll of the Middle East conflict on high-end spending, tourism and investor confidence. The selloff, which spread across Europe's luxury sector, signals rising concerns that geopolitical tensions and macroeconomic uncertainty are derailing hopes of a recovery in the $400 billion industry.
Kering stock slumps 6% after Gucci sales drop, Iran war weighs on earnings
Gucci's organic sales fell by 8%, a bigger drop than the 6% decline seen in a sell-side consensus cited by analysts. Kering's first-quarter revenue came in at 3.57 billion euros, down 6% year-on-year on a reported basis, and flat on a comparable basis at constant exchange rates.
Kering SA (PPRUY) Q1 2026 Sales/Trading Call Transcript
Kering SA (PPRUY) Q1 2026 Sales/Trading Call Transcript
