Report
Jean Danjou

Kering : Profitabilité sous forte pression et le court terme chez Gucci va rester difficile

>CA T1 à-10% en organique avec Gucci à -18%, ce n’est plus une surprise - Le groupe avait préannoncé en mars une baisse de près de 10% en organique de son CA pour le T1 (le T4 2023 était ressorti à -4%) avec une marque Gucci proche de -20% (T4 -4%). Les chiffres communiqués hier soir sortent sans surprise majeure, le CA T1 atteint 4504 M€ soit -10% en org (nous attendions 4490 M€/-10% et le consensus Visible Alpha était à 4514 M€/-9.6%). Le retail s’affiche en baisse ...
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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