Kering : Encouraging Q3 trend but our earnings estimates are unchanged at this stage
>Organic sales growth is set to be better than expected in Q3 - Our company contact yesterday confirmed the underlying trends in soft luxury, as discussed in our sector flash of 21 September (How much can luxury goods outshine the market?”). We understand that all of the company’s brands saw a visible sequential improvement in y-o-y trends for the top line, with growth beating expectations in China and the US, with, all told, upcoming figures for Q3 in terms of organi...Kering is engaged in the retail industry, particularly luxury fashion brands. Co.'s operations can be divided into two segments: Luxury and Sport & Lifestyle divisions. The Luxury division includes brands such as Gucci, Bottega Veneta, Yves Saint Laurent, Balenciaga, Boucheron, Sergio Rossi, Alexander McQueen, Girard-Perregaux & JeanRichard, & Stella McCartney. In addition, Co. offers Leather Goods, Shoes, Ready-to-wear, Watches, and Jewelry & Other products. The Sport & Lifestyle division designs & develops footwear, apparel & accessories and includes brands like Puma, Volcom and Electric among others.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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