Gucci Owner Kering Posts Improving Sales Trends Ahead of New Strategy Launch
By Andrea Figueras
Kering, the luxury-goods company that houses Gucci and other upscale brands, reported better sales trends at the start of the year ahead of the launch of a new plan aimed at giving the group a shot in the arm.
The Paris-based giant said Tuesday that it made revenue of 3.57 billion euros ($4.20 billion) in the first quarter, stable on a comparable scope and exchange-rate basis compared with the same months of last year. In reported terms, revenue dropped 6% on year. Both growth rates showed an improvement compared with last year's fourth quarter.
The result came broadly in line with analysts' forecasts of 3.59 billion euros, according to a Visible Alpha poll of estimates.
The group's flagship label Gucci booked quarterly sales of 1.35 billion euros. This was 14% lower on year in reported terms, but better than the 16% decline it posted in the preceding quarter.
While the company pointed to an uncertain geopolitical and macroeconomic environment, its objective remains to return to growth and improve margins.
Kering is scheduled to host a capital markets day on Thursday, when it plans to outline its new strategic plan.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
April 14, 2026 12:14 ET (16:14 GMT)
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