Kering : Q3 revenue nearly flat, but Gucci is falling behind, is that worrying?
>Q3 revenue down 1% yoy on an organic basis: the overall performance is not bad, 5% above expectations - Like Hermès and LVMH, Kering beat expectations for Q3, with revenue of € 3,718m, down 1.2% year-on-year on an organic basis, putting it close to flat and nearly 5% above the consensus. The group’s Luxury houses reported an overall decline of 1.6%, while the Eyewear division enjoyed double-digit year-on-year growth. Like Hermès, Louis Vuitton and Dior, most of the g...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.