Kering : Growth favourable overall in Q3 but a visible disappointment from Gucci
>Q3 sales +3% above forecasts, buoyed by Saint Laurent and the ‘others’ division but a visible stall from Gucci - Q3 sales at Kering came in at € 4,187.8m, representing organic growth of +12% y-o-y, i.e. +10% growth at 2 years (+11% for retail sales alone) beating consensus forecasts (consensus compiled by the company) by close to +3%. This broadly reasonable figure (even though it reflects overall growth relatively well below that posted by LVMH at +20% y-o-y and ...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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