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Kering Expects Revenue Drop on Lower Gucci Sales

Provided by Dow Jones

Mar 19, 2024 5:28pm

By Nina Kienle

Kering said it expects a decline in revenue for its first quarter.

The French luxury giant said Tuesday that it expects a revenue decline of about 10% due to a steep sales drop at Gucci.

First-quarter revenue is expected to be published on April 23, after the market closes, it said.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

March 19, 2024 13:28 ET (17:28 GMT)

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