Kering shares rise as earnings beat forecasts, Gucci shows signs of improvement
Investing.com -- Kering (EPA: PRTP) shares jumped over 5% on Tuesday after the luxury goods group reported fourth-quarter revenue and earnings that beat analysts’ expectations, providing some relief to investors amid ongoing challenges at flagship brand Gucci.
Francois-Henri Pinault, Kering SA’s chief executive officer, said he doesn’t expect an improvement in Chinese demand this ...
Kering’s sales fell 12 per cent on an organic basis in the fourth quarter to €4.39bn. At Gucci, which typically accounts for about half of group sales and two-thirds of profits, sales fell 24 per cent ...
PARIS (Reuters) -French luxury group Kering reported a 12% drop in fourth quarter sales on Tuesday, dragged lower by its ...
Luxury group Kering’s fourth quarter sales were hit by a continued slump at its main brand Gucci, it said on Tuesday, but a ...
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Signs of Stabilization at Gucci Boost KeringRevenue at Gucci, Kering SA's biggest label, fell 24% on a comparable basis in the final quarter of last year, but ...
Gucci owner Kering reported a sharp drop in 2024 earnings on Tuesday, days after parting with its flagship brand's creative ...
French luxury group to report full-year results this week following latest blow to turnaround plans at its biggest brand ...
Bottega Veneta was a bright spot, with a 12 percent rise, but the brand is also set for a shift following the departure of ...
NET-INCOME FORECAST: Analysts forecast full-year net profit of 1.335 billion euros, according to the same consensus, compared with 2.98 billion euros in the prior year. Shares have dropped roughly 42% ...
Kering’s revenue fell by less than analysts expected in the fourth quarter as the Gucci owner seeks to reinvigorate a ...
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