Kering : Q1 better than forecast and pretty robust in the end, but Gucci still lagging
>Q1 sales +8% ahead of expectations, with growth of +5.5% on Q1 2019 - At € 3.89bn (+25.8% y-o-y org.), Kering's Q1 sales were nearly +8% better than our expectations, which were close to those of the consensus, at € 3.608bn. Gucci, at € 2.168bn (+24.6% y-o-y org.), fared a little better than expected (we forecast organic growth y-o-y of 20% to € 2.093bn) but the positive gap is much more apparent at the other divisions of Kering Luxury. Saint Laurent and Bottega Ven...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.