Kering SA

KER: XPAR (FRA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Kering: Small Sequential Improvement Driven by North America; Shares Attractive

Kering revenue was flat on comparable basis in the first quarter. Jewelry and eyewear performed strongly, and Saint Laurent, Bottega Veneta, Balenciaga, and Brioni recorded growth. Gucci sales declined by 8% (negative 10% in prior quarter), improvement driven by better sales in North America.

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