Kering stock slumps 6% after Gucci sales drop, Iran war weighs on earnings Stock chart icon Kering SA KER-FR : Euronext Paris 280.00 UNCH ( UNCH ) Last | 04/14/26 CEST Kering stock has out...
KERING SA UNSP/ADR (PPRUY)
NASDAQ:AMEX Investor Relations:
kering.com/en/finance
Company Research
Source: CNBC
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. All eyes are on Kering's Capital Markets Day on Thursday when CEO Luca de Meo will present a turnaround strategy. In this article A woman walks in front of the Gucci store on Fifth Avenue in Trump Tower on February 24, 2021 in New York City. Kering reported sales below expectations late Tuesday, as the luxury conglomerate's biggest brand, Gucci, remained a drag despite efforts by new CEO Luca de Meo to turn the company's fortunes around. First-quarter revenue came in at 3.57 billion euros ($4.21 billion), down 6% year-on-year on a reported basis, and flat on a comparable basis at constant exchange rates. Gucci's organic sales fell by 8%, a bigger drop than the 6% decline seen in a sell-side consensus cited by analysts. The company, which also owns brands Yves Saint Laurent, Bottega Veneta and Balenciaga, also
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- Kering reports Q1 sales decline as Gucci weighs on performance [Yahoo! Finance]Yahoo! Finance