Kering SA
KER: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|f$ | LOCK|B$$v% | LOCK|bJZ^Cn^ |
Kering Earnings: Substantial Improvement in Sales, Though Still Negative
Kering's sales improved substantially in the third quarter, declining only 5% on a comparable basis (compared with 15% in the previous quarter). The decline was less than was expected by the market, resulting in the shares rising around 10% at market open on Oct. 23.
