Report
Jean Danjou

Kering : Dégradation sensible de l’environnement, encore un ajustement en baisse important des prévisions, Gucci et Saint Laurent souffrent

>Environnement plus difficile en Asie avec Gucci et Saint Laurent au creux de la vague : CA S2 attendu à -11% (-5% préc.), CA 2025 à +3.5% (+6.2% préc.) - Le groupe ne donne pas d’informations précises nouvelles sur la marche de ses affaires au T3 mais rappelle que le début du trimestre avait montré une tendance encore moins favorable que celle publiée pour le T2 (CA Gucci à -19% y/y tcc, CA groupe à -11%) et que l’environnement macro-économique s’est dégradé en Chine...
Underlying
Kering SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jean Danjou

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